Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I feel like sub 90 must be a bit low, no?
I feel like it would be entirely dependent on the FCA. Do they just order a refund of the dodgy loans? That's probably OK. Do they order a £10M fine in addition to that? probably still manageable. Do they order a £100M fine? Now we're looking at a suspension of the dividend for a good year, maybe 2 (depending on how much is ordered to be paid back from the dodgy loans). £300M? That might mean a bankruptcy.
I have absolutely no idea of the relative likelihoods in terms of the magnitude of fine to be expected, so DYOR there - but a big enough fine could absolutely result in divi suspension for a while.
Ah, I should have checked the volume. Thanks!
I guess all we can do is wait and see if we see a dropoff in the morning...
Might sell off a little in the morning in the hope of buying into a dip
Interesting times and sleepless nights ahead!
The guy only sold his position about 3 days ago, and expressed an interest in returning if the price dropped low enough... while it's impossible to prove or disprove his motives, his story doesn't seem unreasonable. People comment on forums because they enjoy sharing their opinions.
Idk... Seems like this church was acting a bit like a full on cult... Certainly some members will have been aware enough to know what was going on but there's only so far you can go about blaming the members of this kind of organisation. IMO the ones who prepared and distributed the Kool-aid should be punished, rather than the drinkers. I'm just glad we don't have the evangelical problem here that they have over in the US.
The MP's fire seems to be mostly aimed at the leaders of the church (who seem to be avid Tories!), and an aside saying that the banks could have been more responsible in their fraud prevention (quite how they could have done that in this case though, I'm not sure). IMO the question is really how much of the money the church has already got rid of in an unrecoverable way, hopefully AMGO don't have to write too much of it off...