Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think the fact its going to take 90 days to pay is a strategic decision. Imagine the interest on the $35m for the 90 day period. If my calculation isn't wrong that alone will make up Youngs 3-5 months salary payments depending on what interest rate you use.
"Following Completion, we will turn our full attention to the future of the Company, where we endeavour to identify and secure another business opportunity to deliver value to shareholders."
I would lie to think this has already started and management have a number of options available to them. To think they will start looking post completion of sale is bonkers but wouldn't surprise me as there is enough in the kitty for wages!
sorry message should read:
RY in his most recent interview (earlier this week) mentioned the dividend payment of 1.8p whilst the SP was being held at, and still is at 1.3p - Message to Robin, if he believes, this deal will go through, why hasn't he, or any other board member invested anymore?
RY in his most recent interview (earlier this week) mentioned the dividend payment of 1.8p whilst the SP was being head at, at still is at 1.3p - Message to Robin, if he believes, this deal will go through, why hasn't he, or any other board member invested anymore?
Hi Geng, I totally agree and see why people would want to sell, especially those who bought in, like you say around 0.7p.
In terms of long term holder recovering any losses, I think there are holders, myself included that fear the Russians may not approve this $35m deal. Otherwise it would be a no brainer!
Lets hope this misery is over sooner rather than later.....