Good morning Lionel, My knowledge if fairly limited, but I would like to know, are these foriegn owners of stock not entitled to a dividend at all or dont they want a dividend because the franking credit is of no use to them? Surely, if they receive a dividend of this proportion, they could just turn it back into more stock when the price falls. Or, logically, as you suggest, why dont they wait till the price climbs to 80+c and then sell? I do understand that they would play the percentage game, and if they bought in at .325 and sell at .65 they there's a 100% margin for them, but if they bought at .325 and sold at .81, then there's around a 150% margin. You're right, I can't work it out either! My little lot is stying-in, because my reckoning is that WD WILL go ahead and having the cash up-front to continue with Hazel Creek and other tenements in the Curry, then we won't be waiting too long for this price "overhang" to clear-up and get back on track to where we are now, if not even higher! Part of me also agree's with noellyn though, and that is why wait for the ruling on the capital distribution ruling from the ATO... Just put it towards more exploration, we're all going to benefit in the long term. Remember, these are only my thoughts on the subject and they're probably more wrong than right. Have a nice day, MTW
EXS Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
