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I am so sorry md all your points valid, ive just tried to be respectful to all. Ill stop posting on here unless very urgent.
There is also the question of how long can they stretch it out if it’s a row between us and them(bod) and how much they can work out of the system by then.
That is all I want to say as we all know that it will be a hot night in Alaska before gym would agree with any point I make
MD
MD The question is, when will we have detail of the deal and shares tradable again.
Very very sad as RY was helpful and charismatic at shareholder meetings, and a truly gifted geologist.
As an aim compony director with shareholders interests at heart and dealmaker, not good.
Im just grateful we have ag on here to help with the capital from sale of assetts of the company through special dividend being treated as capital return. I don't want to pay tax on a loss. (Average 12p)
I hope peeps recognise the effort age will put in on that and getting shareholders to unite.
We all surely knew that RY and his snidely mate in Salisbury would fleece us to the max.’til the very end,so not getting your holding into an isa was always a poor decision.
I also think that a blanket NO to anything other that a return of capital is very Arthur Scargilesk.All who invested here were completely daft to have had trust in the bod as has been proved by the current position.So we just have to deal with it as best we can.
It is therefore my view that we should see what will eventually be presented before making a decision on how to vote.
MD
Guy ... are u expecting fomo.... Where is newsflow on this deal
(age) Indeed 315k USD pa for what must be a part time job.
Nice work if you can get it!
.
No problem at all if carry his shareholders along with impressive results. (40p to 3p)
Now the worry of the tax treatment of return of my capital from a company that has never made a profit.
How is the chart looking Geng?
Indeed 315k USD pa for what must be a part time job.
Nice work if you can get it!
AGE
There are now 26 members in the group with a combined shareholding of 59,812,528 shares so 59.812% of the way to our first target of 100m.
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
Only 4 weeks to the end of April - Got to keep that gravy train a rolling!
Gneissifyoucangetit@gmail.com
There are now 24 members in the group with combined holding of 58,295,822 shares so 58.295% of hitting the first target of 100m shares.
AGE
What is your email
Isphahan,
Please email me to join the group.
Thanks
AGE
I can contribute 3,428.949 shares
Age.. wow u sure kept tabs on pfc.. whats ur view in next 6 months... What else are u watching with multi potential. Oxford bio is huge disappointment. With a board that could sell and make deals could have been better. Sad considering how many would benefit from accurate psa test.
Still waiting for amc board to clarify tax treatment of special divi capital return, and provide details of their new investment.
So not clear Age..I am not an accountant!
So you have a company that never made any money, buy shares over a long period whose average value is 12p, when they are around 3p part of the company sold and money returned as a special dividend, isn't that capital returned? When the shares are sold lets say for 1 or 2 p then the part of the company sold is part of the capital LOSS, how could tax be due on a capital loss.
My dividend stream dealing account exceeds the div allowance. After covid and the war self empincome is now only 15k, the tax on the LOSS would be more than I earn.
Hi gwm121,
I suspect HMRC will argue that the special dividend is income in the hands of shareholders so the excess of the
special dividend above the annual dividends tax free amount will be subject to UK dividends if the shares are not held in an ISA or other tax wrapper.
If it is a return of capital rather than income in the hands of shareholders then if your share purchase prices are higher than the special dividend amount of 1.80 pence per share then the 1.80p is deducted from your purchase price to arrive at your tax base cost when you eventually sell your AMC shares.
e.g. If you bought shares at 3p then the tax base cost is reduced to 1.20p per share which is the 3.00p per share price less the 1.80p special dividend that you received.
PFC raced up to a high of 30p this morning but is now down compared to yesterdays closing price!
AGE
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Hi age thanku for conformation.
Do you mean here that a capital return special dividend has extra taxes on it .....
Wish I had this mones, rolls royce glaxo casian oil petrofac all roaring up
Hi age thanku for conformation.
Do you mean here that a capital return special dividend has extra taxes on it .....
Wish I had this mones, rolls royce glaxo casian oil petrofac all roaring up
Shareholder Share Action Group update
There are now 20 members with a combined holding of
53,426,259 shares so 53.426% of the way to getting to our first target of 100m shares!
I would encourage any AMC shareholders who have not joined the group to do so.
As AMC is a BVI Company it requires 30% or more of shareholders to request the Board to convene a General Meeting rather than the 5% threshold which is needed for a S303 request in the U.K.
AGE
Weekend update and we now have 17 members in the AMC Shareholders Share Action Group with a combined holding of 45,730,797 shares so 45.73% of the way to our first target of 100m shares.
If you want to join a group whose aim is to act in the best interest of all AMC shareholders as well as pooling our collective knowledge then contact me using: gneissifyoucangetit@gmail.com
We are still all waiting for the Board to get their head out of the sand and spring into action and provide us with tax guidance on the tax consequences of their decision to pay shareholders a special dividend of 1.80 pence per share.
Not long till the end of the 2023/2024 tax year end which is the 5 April 2024 and when AMC shareholders submit their tax return they are going to need the Board to have a tax document on their website.
A reminder that foreign dividends are subject to UK dividends tax if you are tax resident in the UK and you do not hold your shares in an ISA or other tax exempt wrapper.
Amur Minerals is domiciled in the British Virgin Islands so the special dividend is a foreign dividend as it is paid by a non UK Company.
The special dividend was paid on the 14 June 2023 so it is now 9 months since it was paid and the Board have not still not provided shareholders with tax guidance! If they have not done so after all that time then it would seem as if they are not going to do so.
Imagine paying a special dividend of $27,121,700 converted into Sterling and not seeking advice on the tax consequences of doing so!
AGE
Basically they are taking the water and have done for many years now, we must stop the gravy train before there is nothing left for us. I will also be voting to have the company wound up and my measly pittance returned. They really are the worst of the worst. AGhhhh
Let us all know if you receive a reply!
I have contacted AMC a number of times via their messaging system and have not received any replies.
Perhaps Robin Young is too busy laying in his hammock in the sun in the BVI to have time to respond to shareholders!
I have never come across such a laid back CEO in that he has not provided a contact email or bothers to respond to shareholders after having messaged him via the AMC website messaging system!
I would be interested to know if any shareholders have ever received a reply from him apart from him turning up once a year for the AGM.
AGE
Crazytowner most AIMCorporate Mission statements are not worth the paper they are written on!
They include statements such as creating shareholder wealth, acting in shareholders best interests!
My experience of investing in AIM shares is that it is the complete opposite of that stated!
Let’s get the combined group shareholding to 100m then 200m and let’s collectively pool our knowledge and experience in AIM shares and empower AMC shareholders for our mutual benefit we own the Company and the Board are our servants and not the other way round although so far they have treated as such!
AGE
Age,
My recent emails to the company have requested the second dividend payment and the winding up of the company as the deadline for the RTO and shareholder approval was 8th of March per the Kun Manie sale RNS's and more importantly the corporate mission statement on the Web page.
I have copied the Nomad into my emails as it doesn't seem right that such deadlines can just be ignored under the guise that there maybe something in a few months time.
I think the BOD have completely lost touch with their shareholders. I will vote against a pharmaceutical RTO should it be presented. However, I am hoping it doesn't get that far
I think people will focus on the conversion level of the new shares issued, at least to start with. Which should look decent, as they're setting the valuation levels, so they could set it anywhere in theory. The problem will be how the market sees those valuations when it starts trading. It's going to be difficult to weigh up. If it happens!