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geng.. at ry time of life you stop thinking so much of money as long as comfotable and start do things which make others feel good particularly the next generation. Leave ur mark, a good mark.
What salary will be apprpriate for the new amc ?
Maybe dir will purchase many shares of next amc, minimul salary, much skin in the game. .........
Looking back so obvious.. 230k salary minimul shares.
Sad. I was a big fan of RY as a top geologist and charismatic at meetings.
When will share price go to 3 plus p ..return of capital and expectations of geological success again. Not that it will do much good to the long long term holders buyng 1.5p to 40p
mm It would be nice if we hear new project, board no salary, share options fine, and board buying like crazy. It could happen. Share price is future expectation.
This explains things clearly.
https://www.ig.com/uk/glossary-trading-terms/off-book-definition
TDT
Exactly and the point I was trying to get Agneissearner to understand is : With DMA stocks for every seller there is a buyer, the MM's (who may temporarily hold stock) only get a look in when things move fast.
The visible L2 bid vs ask spread is deceptive as most of the DMA trades are not published in the order book, hence the actual prices being paid are within a much smaller spread where buyers are matched to sellers.
"Off-book transactions are made directly between two parties, outside or 'off' of the order books."
"Direct market access describes the direct access to the electronic facilities and order books of the financial market exchanges in order to execute trades."
All trades today, apart from two AT's and a UT, have been off-book.
TDT
Geng those sell trades were retail trades and not DMA trades!
I'd love to know how you know this and secondly you didn't answer the question : Who did the sellers sell to?
Come on Robin,
Pay up you useless c**t
MD I loved that comment so much I recommend it, lol ??
AGE
“Some people have no patience “ That is the most ironic line to ever appear on this board.
Do us another forty or fifty paragraphs Age.for the folks with no patience just to level up the really unmissable ones on Tax
MD
Geng those sell trades were retail trades and not DMA trades!
AGE
Why wouldn't Robbing leave it as long as possible to cash us out, his salary is worth far more than his holding?
His 6Mill holding will only get him circa £100k I can't speak for everyone but most of us will get more than him and all the board put together from the sale!
During the Year+ he's been firkling around with this deal he will have earnt over 3x this in wages. The first 'rumour' of a sale was January 22 then his first bodge attempt at a sale is just about a year ago.
Keep your gravy train a rollin Robbing and go forth and multiply all you long term shareholders, even the ones that have died along the way!
Ironically based on time actually spent on AMC, I reckon I've done much better out of AMC than Robbing by trading the shares rather than being the chairman, despite the ridiculous wage! The only sad part is it's been hardly worth trading AMC since the cash arrived, although there was a chance to grab more sub 1.68 yesterday.
Agneissearner - AMC is a DMA stock so Who did those sellers sell to?
Amazing the way some people have no patience as there is a 838,979 sell this morning at 1.611p and a 500,000 sell at 1.61p and yet there are only 47 days at most till the 1.80p special dividend is to be paid if the Board pay it within the 90 days of receipt of the 35m USD as they stated in the RNS!
AGE
I’d say it was remarkable that halfway through the 90-day period we still have no communication from the BoD about when they’ll pay the dividend, but it’s so completely in line with the despicable way they’ve communicated with shareholders over the years. Not even a record date announced. I sincerely hope we don’t discover one day they decided it would be better to spend it all on some new investment project.
Taking their time paying.
Gazzleberry was that you topping up with the trade at 16:32:36 today for 3,250,000 shares at 1.67p
AGE
agneis, thankyou.
A risk for certain, but buying at 1.6x for a 1.8p dividend by June, plus the benefit of the remains of the company, seems one that’s balanced in our favour. So just placed a couple of buys (showing as sells of course on here!)
GLA
I’d rather have the dividend sooner so that I can put the money to better use myself rather than accumulating money market interest in the company. Think what investors could make on that cash
29 working days have elapsed since they received the founds....and if he's going to wait till the last second, roughly around the 2nd of August we should get some news and pay....I'm on jury duty waiting so nothing to do but counting in boredom.
If the money was on deposit for the full 90 days it would only cover some of RY ‘s annual salary,a ceo should be working to make the company and the shareholders money NOT just covering his salary.Get on with it !
MD
I'd like to think that the Circa £28 million pounds will have been put into some type of interest yielding account bearing in mind the funds might be lying around for 90 days. Any eqarned interest will help the residual value of the company after the special divi.
Don’t let the buggers get you down Gazz,RY is still seething that we stopped his cozy friendship with Crede,so he is now having his favourite two pastimes.
1:Complete silence for no other reason than working a best case scenario for him and Mr Schafer
2: Makings pi’s wait as long as possible.
Let’s face it if they hadn’t got something lined up for a reverse t/o with all the time they’ve had it would be a very big surprise.
It will all rise to the surface at once just when it makes for the best deal for the directors,Afterall why would we need or want to get our money after all the glorious years of being Amc shareholders
MD
If there is doubt as to whether the special dividend is income or a return of capital them the Board may be returning the 1.80 pence per share via a mechanism other than a dividend such as issuing a different class of shares to shareholders and then immediately repurchasing them and then distributing that money to shareholders so that there is no doubt it is a return of capital.
AGE
As the only asset in the company is cash and there are no liabilities (please correct me if this is wrong) what’s the reason for the delay in at least announcing 12 June 2023 as the payment date and going ex~div shortly after the announcement? Surely it can’t be the income v capital question as I’m sure the company would tell us to get our own advice? Starting to get impatient
Gazzleberry the AMC website states on the questions and answers section that no one is going to receive a bonus for the sale or Irosta!
AGE