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Thanks DestituteBroker.........but surely if the share issue is at least double and this has not been RNSd.....then our trades today are null and void as such a force majeure would have to be notified immediately?
I’m sure every poster here is eagerly awaiting DB’s next pearl of wisdom
MD
Bankrupty, I have made an error re the dividend value. Based on the original issue the SP works out at around 0.00397 However there appears to be something else going on. Possibly the issue has at least doubled which would explain why the stock opened at 0.0020. Time will tell.
No you don't I'm afraid! You needed to buy before close yesterday to receive the dividend!!
Thanks, SCE2AUX,
So what would you do to get in?
Do i get the dividend if i buy today?
Not seen anything to say they removed DMA, perhaps part of the interim MM control until post record or payment date.
Can Anyone translate what DestituteBroker is meaning? including yourself of course.....but I'm struggling to understand your posts here? and of course your figures? and of course your 1043am post..." 6b407m242,845 shares"
are you taking in code?
Just looked at the LSE & this appears to be no longer listed on the LSE but there is the Turquoise venue still present.
I don't understand your figures DestituteBroker...but I understand my estimates as below post.....
"A year ago we had £5.3m in the bank....received £28m 3 months ago and will distribute £25m of that....less admin expenses for the last year of say?? £3m....would sill leave £5m odd in the bank."
We are only distributing £25m of the £28m received so the extra £3m can be added to the £5.3m to make £8.3m less 12 months management/admin expenses...will leave £5m cash shell against our market cap of £3.5m
I can easily see SP 0.45/0.55p and I intend to sell half when it reaches here.....which will give me a free carry on my remaining shareholding!
GLA
PDC 1.84 x issue = MC £25,628,850.60
A year ago £5.3m in the bank say £5m now ?
Total say £30.6m
Less Dividend $35m = £28m177,450.00
Balance £2.6m / issue = SP 0.001866
Currently trading above at 0.0025
Hi Geng looks like the $35m has been deducted from the Market Cap with possibly a Short position adjustment. The issue might be around 6b407m242,845 shares. More clarity tomorrow ?
I expect so Gazzleberry .....but I also hope to double my investment value and take profits by selling into that rise......once the warchest value is revealed to us.....a bit of a gamble yes.....but so far so good for me!
Looks like I will be paid a 1.8p special div .
Shares down 86% and will be suspended .
Now a cash shell something might happen in next 3 months if lucky , otherwise that is it .
DB - Why would anyone get the payment today - the record date is tomorrow!
That's because they tried to factor in the dividend, which means the base price they're using to compare today's prices is yesterday's close minus 1.8p. But, as we discussed yesterday, yesterday's close factored in less than 1.8p for the value of the dividend. It was trading at so close to the dividend amount (and nearly closed below it) that they're virtually comparing it to yesterday's price of zero. Ignore Google's percentages
UP 537.12%
IMO.......our current value by the market may be too low so there may be a buying opportunity to profit from this??
A year ago we had £5.3m in the bank....received £28m 3 months ago and will distribute £25m of that....less admin expenses for the last year of say?? £3m....would sill leave £5m odd in the bank.
If the BOD can't achieve value of at least £10m market cap odd in a new RTO.....then they need to move aside and let a new BOD in.....
....so I'm increasing my holding by more than three fold!
GLA
Hello Geng
Apologies should have been clearer in my message.
6 months from the sale of the asset to finalise an RTO (6th March to 6th September).
If no RTO by 6th September, they will either need to relist as an investment company, failing that, they will suspend trading on AIM. If they are still in suspension (as in, they haven’t found a suitable RTO or relist as an investment company) they will be delisted. Therefore, they could still be around until Feb 2024 (some would say RY will still be boiling the gravy train).
That’s my reading, obviously, I am reading this wrong!!
if you are right, and after 3 months they will pay out the remaining value of the company to shareholders, the uncertainty of this share will be gone and I can move on!!! It's like a bad relationship, one cannot let go!!! (We have had fun along the way)!
Has anyone received the payment today or has this dropped for other reasons ? I note the 5.81m large trade yesterday which should have a big impact on the market cap & on my level 2 the issue value is missing.
ShadowLess, The 6 months started the day the sale completed 6th March - they have 3 months left - 6th September:-
"RNS Number : 0000S Amur Minerals Corporation 06 March 2023 AMUR MINERALS CORPORATION
Completion of disposal of Kun-Manie Project for US$35 million"
Ahh ok i didnt know 14 is the pay day
Geng "They have only 3 months to get this sorted otherwise we get divi number 2"
Where did you get this information from? It's not correct.
They have a further 3 months to sort out an RTO or they will either have to relist as an investment company (AIM Rule 8) or suspend. Further, 6 months to sort out an RTO.
"The Company will be required to make an acquisition or acquisitions which constitute(s) a reverse takeover under AIM Rule 14 on or before the date falling six months from the completion of the Disposal, or be re-admitted to trading on AIM as an investing company under AIM Rule 8. Failing that, the Company's Ordinary Shares would then be suspended from trading on AIM pursuant to AIM Rule 40. If the Company's shares remain suspended for six months, admission of the Company's shares will be cancelled." RNS Number: 0000S dated 6 Mar 2023 09:34
If you're asking if its going bust please tell me you weren't dumb enough to blind buy
Thanks Ibyb.
Was wondering same why the big drop. Then read RNS...shares go Ex-div today.
As per RNS, it becomes cash shell but need to buy some new asset by 6 Sep (if i got dates right) , otherwise shares will be suspended?
Is that right ?