OZL 0.00% $26.44 oz minerals limited

the next step - dividends

  1. 395 Posts.

    OZL has been very quiet since the sell out.

    So i raise the dividend question. Last one august 2008.
    Most resources stocks pay little or none.

    I think it is time they started to pay out.
    6c on $1 share would tend to put a floor under the price and be 3c each 6 months. Thats about $90Million .

    Now of $700M (?) at say 6 or 7% short term money.
    Say 6% thats $42M so the dividend will cost $50M.

    I think it is a small thing to give something back to OZL shareholders.

    My issue is OZL wasted so much of our money, i want them to be saying we will be getting at least 15% ROI on the 700M so its better we pay no div.

    What do you other OZers think ?
 
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