1c divy? I think that sounds a bit low to me. HGO has run for...

1c divy? I think that sounds a bit low to me. HGO has run for many years without a divy and has eroded almost all of the original shareholder capital. So its created employment for the local community but thats all.

I think the board are aware that its now the holders turn to be rewarded. They also have significant franking credits to use up before they get taken off them, so if they do not use them then significant value is lost.

Assuming the PHES is sold, I would expect all of this windfall gain be returned to holders. Even if this does not come off I think the accumulated cash needs to be payed out to holders.

Otherwise I, and I presume other holders, will have well and truly had enough. At 1c I think they would face holders standing outside head office with baseball bats on the following day.