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Has the “90 days” been stated as just days, or could it be business days? If the latter then we could be looking at end July for payment.
TDT
Thank you.
I hope your/ our, beliefs, thoughts, hopes, wishes, and prayers come to fruition. SOON.
Gilyard
Check the last RNS dated 14th. March, this bit in particular.
"The Company has previously announced that it will pay a special dividend of 1.8 pence per share to shareholders within 90 days of the receipt of funds. Further announcements in respect of the dividend dates will be made in due course."
Receipt of funds was confirmed in the RNS so the 90 days run from 14th. March. so any time around now or at least before the middle of June I believe/think/hope/wish/pray.
TDT
Can someone please remind me please. It’s not that I’ve completely lost interest but after 12 years or I had taken my eye off the ball.
When is the expected payment date and is a time line fixed.
Well there it is AGE,the company that never fails to disappoint.
It’s a fact that there is nothing to be done when someone just doesn’t care
MD
And still we wait for a dividend to state the Ex Div and Record date and Payment date!
Looking at the document called “Dividend Procedure Timetable” you can see the following possible dates:
Ex div date Record date Latest announcement date
18/05/23. 19/05/23. 11/05/23
25/05/23. 26/05/23. 18/05/23
01/06/23. 02/06/23. 24/05/23
The bottom dates are not feasible as the record date would be the very last day that the special dividend could be paid if AMC adhere to paying it with 90 days of receipt.
That leaves two possible dates for the RNS to be issued and they are today or next Thursday.
On the basis it has not been issued this morning then that leaves only next Thursday to issue it which is the 18/05/23 with the ex div date being the 25/05/23 and record date being the 26/05/23.
With a record date of 25/05/23 and a payment date of 02/06/23 there is not much time to process the payment!
AGE
Gazzleberry, This is off topic and for you only really.......I'll give you a concept here........and indeed the title of this post is appropriate.....one who had the key to the palace was the perverted uncle and bother of two dear friends and mocked me at her wedding......he had evil perception and knew I could see him demasked.
You see.....they all all "owned" and whatever their intentions...they are attended by 20 SAS types and some pwerful "friends"...and told that they are owned....two choices....become the JFK type or become enriched beyond belief....sell your soul to shaitan,/Iblīs, .............and they do!
I feel sad for them and sincerely regret what shallow lives they physically experience for such a short time.
Much rather be "free" amap.....and poor and rich besides....yes I wonder......what the answers are.....but content to live a life outwith the herd most often and invest in AMC et al d'accord!
I will be happy to sell on dividend record day and buy back 2 days later!
ATB
Hi TDT,
Have gone round it a bit before, initially I thought maybe they'd get it done quick on the basis they already had a new venture lined up and the payment need so happen first. Obviously not the case!
The more I think about it though, there is nothing at all to benefit Robing by not waiting till 90 days. I wouldn't even be surprised if at 90 days ish he announced, due to some made up excuse, they had a delay and the payment will be in x more days, weeks, etc. All the time the cash is earning interest probably circa £150k per month and he's still getting to feed at the AMC trough. The only real deadlines for him are the AGM, where we could chuck him out and the AIM rules concerning cash shells. It may even be, he's worked out he will be better off drawing a salary until the anniversary and then just returning what's left to the shareholders.
Only a month or so till we find out as he will have to issue an RNS on or before the 90 days one way or another. Even I'm getting itchy feet now after 14+ years - there is a potential larger rise (£1.50 to £2.40+) due in IAG once the current GAPs close. If they close even before Robing pays the divi then I may dump the lot and move it there. Same profit % but not under Robings control. It's only really a sentimental thing that keeps me here, would just like to crystallise my profits via the payout rather than simply selling - as you say a Sale was what we all anticipated when we bought/traded AMC and I'd like that itch scratched:)
😀😀😀👍
MD
The moment the shares go ex div I will be selling up as I have no faith in them securing any deal which will add shareholder value.I fear that at best a deal will be announced,the shares will be suspended for a least 6 months whilst all the formalities are dealt with and if approval is given there will probably be a fundraise at a lower level than the price at suspension,whilst in the meantime the bod continue to pay themselves,thereby depleting funds.
From buying in 2009 to still waiting in 2023 proves they are poor business people and spent too many months of too many years under achieving and over paying theirselves.
MD
md agreed.
don't forget its not so long ago nickel was bumping along at $4/lb to $5/lb. and for a long time during that period capital for junior explorers all but dried up. i don't think many people on here ever thought amur would take kun manie into production it was always going to be a sale. its the level we've been sold for that's the issue. tom bowen's disposal of malmyzh was a good pointer on what to expect for km. the fact that a war came along when it did to knacker the proceedings is not something anybody could have predicted. we are, as they say, where we are.
that's the first gripe but one i'm reasonably comfortable with. the second gripe is the amount of time it's taking them to distribute the funds from the sale. i'm less than happy with that one and would like them to just hurry the ******* up and dish out the dosh. i can't make anything if my money is sitting in their account. none of us can.
tdt
Very little to take advantage of in the later years TDT.All that fund raising just to sell the asset for peanuts and leave millions of Dollars worth of equipment on site.
Traders were ok for sure,investors who thought it would work out in the end not so much
MD
They did deliver shareholder value MD its just that most of us didn't take advantage.
TDT
Their disregard for shareholders is just the perfect match for their inability to produce shareholder value for years and years.
They are completely without shame
MD
They had 6 months before the funds arrived to be organised to make the dividend payment asap thereafter ,which is in the best interests of us all.Instead we are told that news of arrangements will be given"in due course" which suggests a long wait.Of course there is no legal commitment to keep to the 90 days,so we could be kept waiting even longer. Typical disregard for us long suffering shareholders
They need to pay out early so people keep faith instead of make people wait.
Not really bothered where the money is. Be happy when I receive the dividend but also to see if there is a plan going forward to get some more value out of our holding!
Its possible... (but given the track record unlikely)... that they are delaying the divi payment until they have first published a sensible plan, in the hope it will prevent a mass exodus.
In the absence of any plan from co. about what they will do next, for me the question of whether to hold or sell after the divi payment is a no brainer.
following Divi It will be an exit for me from the Dog! then sell whatever ****e is left over problem solved
Just a maximum of 41 days till payment of AMC’s 1.80 pence special dividend!
AGE
Looks like they are dragging this out to the end. Could be
Dividend payment legal details being sorted .
Waiting to announce reverse take over and dividend together.
New yacht has arrived and they are all still on holiday.
Any other ideas. GLA
As I said before sell KOD, everything else would be a free carry. Maybe buy back under 0.45 for a bounce, but not good long term, the chinese will probably take it private.
thanks for link, if it gets removed please repost with words in it so it doesnt look like link.
if the board dont put their own money in for shares.. a big amount.. same old same old
if large salary same old same old
share options reward, thats ok, 10p plus