Interesting Alternative MPHey MP,
Your angle on what might transpire is definitely intriguing. Let me add a second scenario:
I could, alternatively, envisage Sprott Resources (formerly General Minerals) making an all cash, or share exchange bid for HDG in the near future. That would add the HDG cash on hand to its treasury. Then it would take the HDG properties (which were originally part of SCP), and spin them off again into another company .... a deja vu move.
I don't see HDG collapsing its treasury by paying a dividend, however. That would not make sense, especially when junior financings will be extremely hard to come by in the next couple of years. If the latter did in fact play out it would be only as a last resort.
Cheers,
Brit