The longer answer is if they do before 2015, they will be unfranked.
While ever the sp is less than the NPV per share, they are better off doing share buybacks.
The CEO will want to be painting a growth strategy for the company. P Hill underground will cost $200m Load Gold could be another $400m. Exploration and development of any other mine will also consume significant cash. I think the board will be conservative and not pay a dividend until the growth plans are in execution phase.
HT1
OZL Price at posting:
$12.55 Sentiment: Hold Disclosure: Held
