A lot of spec around the divi - expect them to have around $15 - $20m in cash by the end of January seeing as they had $11m+ on hand at the end of November with 1500oz of gold as well.
If they pay out $10m in divs with no option holders converting then that is a .0035c dividend or an 9% dividend unfranked based on a 3.6c share price. They then still have $5m+ in the bank to continue operations
Not sure what their thinking is but a 9% dividend would be a good reward for holders.
A lot of spec around the divi - expect them to have around $15 -...
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