Page 2 second paragraph on ann 11/10/23
The difference with HGO is it is not a junior.
HGO has operated in the past made lots of profit, paid tax then lost their cash at bank when the copper price fell and a wall slip in the open pit.
another difference, if you are comparing to juniors, HGO has no debt to repay before distributing dividends.
I will be extremely surprised if we don't get paid fully franked dividends within 2 years
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