Hey @VYR - thanks for the words "so convincingly" in your response - generous!
So onto divs, here is the "good oil" or at least a guess at it.
- This half - div NIL (HGO needs to build up cash balance for risk protection, development and exploration in that order)
- Next half results - div 0.5cps FF (if ramp-up goes to plan as we have good reason to expect) PLUS a similar bonus amount if production and sales prices permit (to show faith to long term holders) - Note that each 0.5 cps DIV would cost HGO about $10M
- Following half - div 0.5cps plus more if prudent (ie I expect that HGO would try to set a base div, and progressively increase it , but if copper stays above AUD$15,0000/t that base could be quite a bit higher, due to both operating profits and "filling the plant" as you have stressed)
I hope that my expectations are not overreaching optimism.
As for the Super Tax, I have not explored it and my HGO is held outside of Super, so I have not explored possibilities including restructuring.
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