It's not a case of perhaps, it's just how it will be received. RCO are currently awaiting taxation advice on the most tax effective way to distribute the cash; dividends or capital returns or a combination of both. Of course they will want them to be fully franked too!!! Whatever method is chosen will then likely be implemented on a 6 monthly basis meaning shareholders have a lot to smile about for the next few years and probably longer. The market doesn't understand RCO. Those who do are set to be very well rewarded.
As an aside the JV with a major international mining house over the Gambang project should add a lot of spice to the sp once it is finalised and announced in the coming weeks.
RCO Price at posting:
38.0¢ Sentiment: LT Buy Disclosure: Held
