The last 20 years they have ride the up's and downs like any other resource company in this sector. They have been profitable apart from some years had major impairments which are for statutory purposes not operational. They have paid out over $300 million in fully franked dividends. Now that the balanced sheet has been cleaned out no longer we have any FITB they have paid through share buyback instead as opposed to unfranked dividends. I can't see any further impairments or clearing of the balance sheet why moving forward fully franked dividends will be paid through profits/taxes. Also make the observation in the quality of the share registry and why some of the major institutions do hold large parcel of shares in the company. Care to answer?
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