Not sure about 2k into 20k but I hope that proves to be correct. Anyways on to your q's.
First dividends have been forecasted by the company for FY12 at 6c per share. Basically they cut the dividend out to stop a dilution to the share price from a capital raising. I very highly doubt the company will do a capital raising, and also my personal opinion that the company is very low risk at these levels since the tunnel is almost complete and think that the opening date could be early next year. A lot of the debt is deferred until opening and then even that isnt payable until FY14-17, so lots of upside there. The company is known for its history of dividends so I have no doubt it will come back but def not until FY11 or 12 per forecasts... Hope this helps somewhat.
Cheers, -Xchange
RCY Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
