CLE 0.00% 0.1¢ cyclone metals limited

Ann: Trading Halt , page-12

  1. 9,376 Posts.
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    DPH,

    Thanks for that.

    If the cash is going to be in mid week, then I suspect that the trading halt will stay in place until the cash is received and when it is received, the dividend will be announced.

    Will probably give 3 or 4 days for people to scramble aboard to get the dividend before it goes ex. Sage has said before that it will be paid pre 30 June, so i assume probably mid June I would guess (personally would prefer payment on 1 July).

    Also suspect that it will be the full 10 cents dividend as there is an expectation in the market of 8 - 10 cents and coming in on the low side may disappoint some (who knows may even surprise with a 11 cents divvie if they take the DMM takeover money).
 
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