The ideal scenario is for management really to do nothing. A "wrap up" was proposed at the AGM and has been the last couple of years but unlikely to get up.
I'm anticipating SRK to negotiate financing for Paulsens using debt/equity and avoiding dilution as much as possible. Pre-payment to finance the mine was suggested in a recent announcement.
SRK will build the infrastructure and start mining ASAP (similar to FEX). Given the high IO prices, SRK should start paying modest dividends which, as SRK's biggest shareholder, BEL will start paying dividends.
Even if SRK paid out a measly 1c dividend, that's roughly 75% of BEL's market cap paid out in a single maiden dividend.
(20min delay)