As usual the position on paying dividends is complex but well-explained here:https://www.minterellison.com/articles/how-to-pay-a-dividend-in-australia-a-guide
As for ARA the receipt of a franked dividend would not be taxable (as they have substantial revenue losses) but would reduce those losses. At the same time the balance in the franking account (which is only $51,000 at the moment) would increase. It's still guesswork but hopefully the 6cps reinvested would be returned from cashflow (and a bit more) even if all else fails. I admit it would give more confidence to such a transaction if the blue sky turned into at least a new orebody. The Brisbane presentation seems to suggest it will be January before the drilling results are released.
As usual the position on paying dividends is complex but...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.6¢ |
Change
-0.002(3.45%) |
Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.5¢ | $178.0K | 3.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 260909 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 799916 | 1 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |
