Member Info for Academy

When you go from 6p-9p in 30 mins it’s usually sign that some news has leaked.

Holding on to my shares regardless of what happens in the short term. In time this will be viewed as the sale of the century. Will top up significantly if it drops much further.

What great news that the snake island soldiers may be alive! It’s all over western media too. Is that propaganda? Or just reporting the newly understood facts?

Sandeep just confirmed that resource was not updated (ie not mre 2)

1.5p
Down it goes tomorrow then

https://www.lse.co.uk/rns/ODX/fundraising-to-raise-gross-proceeds-of-up-to-1637m-olujp787snyrufr.html

Have you guys missed the 5p raise rns?

This closed where it did given the stated potential raise at 5p. Surely it’s going down to 5p before any reversal?

This closed where it did with a stated potential raise at 5p. Surely it’s going down to 5p?

for nearly 12m shares sold?

Don't think so.

must be a good reason why they have sold so many shares...

Significant

Says it all

Love this quote from the results.

“This Eastern Breccia corridor sits outside of the Inferred Mineral Resource estimate and confirms the prospectivity of the Havieron region to host additional high grade zones and the significant potential for further resource growth.” said Mr Biswas.”

Looking forward to the 5% valuation.

At these levels JPM have more to make by going long. Something doesn’t stack up.

Great post Roger but what’s the point in pleading on here? Wrong audience. Maybe you should be writing to the BOD?

Rats running from a sinking ship. How much further is this going to sink?

Has anyone actually read the Dividend Policy document?

4. PRINCIPLES AND PROCEDURE FOR CALCULATING THE DIVIDEND AMOUNT
4.1. When determining the dividend amount, the following factors shall be taken into account:
- provisions of the Applicable Law, the Articles of Association and internal documents of the Company;
- rights and interests of Company shareholders;
- the Company’s goal to meet highest standards of corporate governance;
mount and its payment;
- balancing short-term (receiving income) and long-term (development of the Company) interests of the shareholders;
- focus on increasing the investment attractiveness and Market Capitalization of the Company;
- recognition of dividends as one of the key indicators of the Company's investment attractiveness.
4.2. The calculation of the dividend amount is based on the amount of Net Income adjusted ("Adjusted Net Income") by:
- profit (loss) on exchange rate differences, reflected in finance income and expenses; - exchange rate differences by operating items;
- impairment loss (reversal of impairment loss) of property, plant and equipment and construction in progress;
- an impairment loss (reversal of an impairment loss) of investments in associated entities and joint ventures;
- the difference between the share of profits of associated entities and joint ventures and proceeds from associated entities and joint ventures.
4.3. The amount of dividend per share is determined by dividing the amount of funds allocated for the payment of dividend, the amount of which is determined in accordance with clauses 4.2 or 4.6 of this Policy, by the total number of outstanding ordinary shares of the Company. The result shall be rounded to the second decimal place. The total amount of funds allocated for the payment of dividend shall be adjusted based on the results of determining the amount of dividend per share (rounded to the second decimal place).
4.4. The dividend amount shall be recommended by the Board.
The target dividend amount is at least 80% of the Adjusted Net Income.
4.5. If the Net debt (adjusted) / Adjusted EBITDA indicator for the financial year exceeds 2.5, the Board may decide to reduce the dividend amount calculated in accordance with clause 4.2 of this Dividend Policy.
4.6. If, at the time of preparation of recommendation on the dividend amount, the preparation of the Consolidated Financial Statements for the reporting period and its audit have not been completed, the Board may propose to establish the dividend amount based on the expected Net Profit amount. In such event the dividend amount shall be adjusted based on the Net profit reflected in the Consolidated Financial Statements as of the date of the Company general meeting declaring the dividend.
4.7. The Directors may from time to time resolve to pay interim dividends to the shareholders as appears to the Directors to be justified by the distributable profits of the Company.
4.8. The deferred shares shall not entitl

Tigra
We have a market cap of 700m now. Do you think we'd still be at 24p if we are worth £3.40?
Hope you're right, but 10bn is huge speculation.

Dealer55
I suggest any shareholder who are unsure if their broker has correct bank details contact them asap.

5. THE PAYMENT OF DIVIDEND
5.1. The payment of dividend shall be made in accordance with the Law, the Articles and this Policy.
5.2. The Board may deduct from any dividend payable to any shareholder on or in respect of a share all sums of money, if any, presently payable by that shareholder to the Company on account of calls or otherwise in relation to the shares of the Company.
5.3. Any dividend payable on or in respect of a share may be paid by electronic transfer, cheque or other form of payment (the “Payment”) sent through the post to the registered address of the shareholder or person entitled to it.
In the case of joint holders, cheque or warrant may be sent to any one of such joint holders or to such person and such address as the holder or joint holders may in writing direct.
Every such Payment will be made payable to the order of the person to whom it is sent or to such other person as the holder may in writing direct.
5.4. The Payment is a good discharge to the Company.
5.5. The shareholders of the Company are advised to promptly notify the Registrar and / or the nominee (depository) of any changes in their contact details required for the payment of dividends. The Company and the Registrar are not liable for non-payment and (or) untimely payment of dividends and losses incurred in connection with it due to the Company and the Registrar lacking accurate contact details (address) and bank details of the shareholder.
5.6. All dividends payable and for the reasons beyond the Company’s control unclaimed for one year, after having been declared, may be invested, or otherwise made use of by the Board for the benefit of the Company until claimed and the Company is not constituted a trustee in respect of such unclaimed dividends. No dividend will bear interest as against the Company.
5.7. Any dividend which has remained unclaimed for a period of 12 years from the date on which it becomes due for payment will, if the Directors so resolve, be forfeited and cease to remain owing by the Company and will from then on belong to the Company absolutely.

Expect the dividend very soon...nice

5.5. The shareholders of the Company are advised to PROMPTLY NOTIFY the Registrar and / or the nominee (depository) of any changes in their contact details required for the payment of dividends. The Company and the Registrar are not liable for non-payment and (or) untimely payment of dividends and losses incurred in connection with it due to the Company and the Registrar lacking accurate contact details (address) and bank details of the shareholder.