i think what SMXtimes meant by taxed at 38% was your personal individual tax rate, not quite about the JMS share of earnings being taxed in South Africa
@SMXtimes50folds you are correct in those assumptions and if you're in the 37.5% tax bracket ($90k to 180k taxable income) you're in then yes likely around 5% "after-tax" yield.
i do agree with ainsley, probably some div will be w/held due to volatility as well as the expansion (capital retention) and I too am expecting a 1c div only this round
Manganese spot price going up, page-53
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