Yes that is a 26.3% dividend yield, but for me a dividend yield of 40%, happy days for me especially when I have complete trust in the Board.
Current shares on issue approximately 2,860,000,000 which would take about $28.6m to fund. A one cent dividend will leave about $12m for further exploration. Over the next five years that would make about $60m available for exploration and buying new tenements.
So I have every reason to believe a one cent dividend is on offer, that is why I am happy to sit at 3.7 cents but am perplexed why other potential new shareholders don't buy in and wait for these incredible dividends to be paid, IMHO and please DYOR.
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Yes that is a 26.3% dividend yield, but for me a dividend yield...
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