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Wow. That’s amazing. Gla.
1.8p Div paid 90 days after 1st November?
correction - * he doesn't pay 15% at the end of the month..
Yup. And some skin left in the game. The Russia risk remains, ringing loudly in our ears though, hence the share price not truly reflective of what should happen. A bird in the hand and all that.
Amended to reflect the $38m after paying certain expenses etc as per RNS
Shares in issue 1,392,872,315
USD USD/£ £
38,000,000 1.1231 33,834,921 2.43p
Dividend 25,071,702 1.8 p
Cash retained 8,763,220 0.63p
AGE
surely the buyer is in the market buying all the way up to 1.8? for each share he buys now he gets around 15% back at the end of the month...
Yup. And some skin left in the game. The Russia risk remains rising loudly in our ears though, hence the share price not truly reflective of what should happen. A bird in the hand and all that.
Never it can’t be right. ?
Shares in issue 1,392,872,315 0.018 25,071,701.67
USD USD/£ £ Pence
35,000,000 1.1231 31,163,743 2.24p
4,500,000 Cash 4,006,767 0.29p
Total 35,170,510 2.52p
Dividend 25,071,702 1.80p
Net cash 10,098,809 0.73p
AGE
Correction
USD USD/£ £ Pence
35,000,000 1.1231 31,163,743 2.24p
5000000 Cash 4,451,963 0.32p
Total 35,615,707 2.56p
AGE
My calculations are:
35,000,000 1.228 28,501,629 2.05p
5,000,000 Cash 4,071,661 0.29p
Total 32,573,290 2.34p
AGE
free money woohoo and skin in the future developments whats not to like.
sweet.
"With the key approvals now in hand, we shall complete our assessment of the classification of the dividend regarding shareholder taxation."
As per the recent interview, they are going to classify the payment to shareholders as 'return of capital' which means no tax on the dividend.
As I said before - Fill your boots - cash will be in the bank before Bonfire Night!
Can't see any reason why this doesn't now move up to around 1.8 - 2p
With the dollar where it is, Nav in £ will be around 2.2p
The feeding frenzy has started!
Quote from the RNS:
Amur Minerals Corporation ("Amur" or the "Company") is pleased to announce that it has been informed by Bering Metals LLC (the "Buyer") a Russian incorporated company that it has successfully obtained the necessary consents from the appropriate Russian Federation authorities to complete the Disposal of its Kun-Manie nickel copper sulphide project. Shareholder approval on 24 August 2022 for the sale of its Russian subsidiary ("AO Kun-Manie") in the total amount of US$35 million was contingent upon the Buyer obtaining the following:-- the consent of the Federal Antimonopoly Service of Russia or its relevant territorial department to the Disposal being granted and such consent not being conditional upon any further actions or omissions by any of the parties to the Share Purchase Agreement;
-- the approval under the Presidential Decree No. 81 dated 1 March 2022 and all ensuing Russian Federation regulatory statutes having been granted on the terms required by applicable law, and not having been subsequently revoked, and such approval not being conditional upon any further actions or omissions by any party.
If you paid tax when it came out of an ISA it wouldn’t be tax free
Don't you pay tax when you take it out of the USA wrapper? Or are you saying you've left it in there?
You have been in this for over 14 years and watched the SP go from 3p to 44p and you still didnt make a penny. Im not sure how much faith you needed in RY to make money in AMC as they were virtually giving money away. Maybe its just that you are not very good at this game and just look to blame everyone else for you sheet investments.
I believe that the majority of shareholders will immediately after receiving the dividend sell any remaining shares of AMC at any price. Since I no longer have faith in RY and would rather have Jeffrey Dahmer than him, the real worry is whether we will truly receive the dividend.
They’ve stated they will pay a dividend of 1.8p per share. That’s not in doubt is it? RY must know share holders would vote against him trying to do anything else with the money being paid to AMC, surely? Good grief, he’s hardly given anyone a shining example of how he can deliver value to share holders thus far so why would anyone in the right mind put their money behind another venture he sets off on?
Old news mate, Russia/China been trying to move away from the $ for years..
Just seen a bit of news that has really annoyed me.
Russia and China ditching the US $ and creating a new currency leveraged against the value of minerals such as gold and Nickel and other minerals.... of which AMC mine is bustling with.
So as I understand this, the potential for PI's to make a lot of money from AMC shares was very high, even higher than we may have predicted initially.
China and Russia stock piling these minerals for over 2 years now which may serve to raise their value and now, with the war and sanctions imposed against Russia, the dream of a a nice profit has slipped into the abyss.
Sorry everyone invested here, we could have a wonderful return.
GL I'm the future
I took £250k from AMC on the rise up to 44p it was all in ISA's and i paid zero tax.