I dont think micro caps who are in acquisition mode should be paying dividends and doing DRP at significant discounts. If they find a chunky or even a half decent acquisition they will need to raise yet again further capital at a discount to market...hard to see much share price appreciation.
The market doesnt seem to support the dividend announcement given the price action and lack of activity,either.
11% div on a 0.029 sp !, page-19
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