I'm rather agnostic on the question of dividends. TA did rule them out at the AGM for the time being, but much has changed since then. South32 gave a 1c dividend as a sign, one presumes, of its future intent and confirmation of its financial health. Its SP is now double what it was then and GXY's market cap will likely respond in a similar way. As AC mentioned some time ago, GXY could easily afford to do a 1c dividend late this year as a Xmas present and a mark of the coy's turnaround status. It would cost $18m, leaving tons to invest in JB. It will all depend, I suspect, on the deal that gets done over SDV.
IMO. DYOR
Galaxy... GXY... Chart..., page-1485
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