MGX 1.35% 36.5¢ mount gibson iron limited

A few days ago I did hear from a source (which I cannot...

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    "Mount Gibson Iron (ASX: MGX) takes out top spot for the highest fully franked dividend yield of a massive 26.3%'

    Thank you for the link to the article.

    A few days ago I did hear from a source (which I cannot disclose) that MGX intends to announce a dividend in August.

    By no means do I want to stir up something that may prove to be fictitious and I definitely do not recommend that anyone use this to make an investment decision.

    My personnel opinion leans towards that we won't see a dividend announced in August due to insufficient franking credits.

    That being said, judging by previous AGMs, PK takes questions only from Macquarie and not from the retail investors . . . perhaps Macquarie is more up to speed than the retail investors.

    Also in the most recent report PK talked about paying dividends as soon as franking credits become available.

    Disclosure: I do have a BUY order in currently to accumulate a few more but this has zero to do with any dividend speculation.


 
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