dividends to come from sale of sappes to glory, page-3

If a dividend comes it won't be till after the sale (cut off date is end of this calandar year)... even if GLY recomplies with the ASX listing rules as per the sale agreement, they still need a $42.5m cap raising.

Also, even if the sale comes sooner rather than later then they may wait till the results of the Marampa IPO so they arn't left in a compromising situation.

If the Marampa IPO fails and Sappes sale goes ahead they could offer a dividend from the Sappes sale proceeds to keep everyone happy - some kind of consolation prize.