Member Info for Caposoka

Next dividend (going ex dividend in May) is the 4th quarter payment of 2.1p (making 8.43p for the year).

The reduced dividend will start for the next financial year to 31 Mar 2027, with the first quarter going ex-dividend in mid August.

This all assumes that entities exercising warrants would want to sell their shares straightaway. Don't think that's the case. They haven't rushed to exercise them and may not rush to sell. 200m million warrants equates to £4M which is small change in the scheme of things for the entities involved. The volume over the last 8 trading days has been close to 600m. It may have a short term effect but not much. The issue of warrants is known about and already factored into the SP by proper investors. The whole subject is overblown by the posters on here.

I thought the same. Added a further 10k shs to happily sit on the 6.5%+ dividend which should increase substantially after the capex is done. Just feel this is undervalued if able to hold for the long term.

Miserable ? lol. Your sense of humour on this BB has been and will always be much appreciated.

Dividend this year of 32c on top of 150m of WCP A capex. Last year's payout was 56c. How much cash will be generated and paid out in dividends each year once the major capex is out the way ? For those looking just a little further ahead, think a much higher offer is needed to make any bid attractive

Deadline is 5pm tomorrow (17th).

KMR's 6 March statement was made without the other party's agreement so the approach was clearly unwelcome.

With the current SP of £4 being well below the muted £5.30 I don't see much happening, not unless a significantly higher offer arises.

580 is low. Dividend this year 32c on top of 150m of WCP A cape. What will dividend be in next year's? Net debt is only 25m. They could have taken on more debt to support higher dividend during this period and to smooth out payment levels from year to year. Would have supported SP and put off low ball offers. What will 530 or 580 look like when the dividend is nearer a dollar p.a. ... opportunistic

Agree on all. Will definitely have a look after it goes ex-divi too.

I thought I'd have some 'fun' this dividend season by hopping from one share to another with ex-divi dates two weeks apart, collecting decent dividends as I went. Drew up a list of 4 companies last weekend, bought the first one, only for the three other companies (incl KMR) go up a lot this week. Couldn't make it up. Plan in tatters! :)

Greeno, congratulations on the timing of your purchase earlier in the week. Was abs delighted for you to see that. Brill.

I also thought KMR was undervalued at 290, esp with a dividend over 13% but hesitated, looking at other options. I got as far as needing to click on the buy button but didn't. A shame for me but I have still have a decent holding after all these years and topped up with an extra 10,000 shs this morning based on the logic that MC has a very good idea what KMR is worth, would expect to be knocked back initially so there must be more legs to this over time. In the meanwhile, holding and collecting a decent dividend makes it worthwhile for me at this new level, even if I now get my timing wrong a second time and it tails off after the spike! GLA

This is what I received from AJ Bell on 5 Dec:

Further to our previous communication, we have received an update regarding the Base Resources Limited scheme of arrangement event.

We have been in regular contact with the company since the implementation date. The company acknowledged that DRS statements are taking longer to arrive than anticipated but they have advised that some shareholders are starting to receive them in the post.

We are actively following up with the company and the registrar to ensure these documents are delivered as soon as possible, following which, we will promptly update accounts.

Further information will be released upon receipt.

To view the scheme circular, please copy and paste the link below into your web browser:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02835014-6A1219071&v=70bc033a22188bdfefb8a0b8ad3c24897ef2837d

I hold Base Resources through Lloyds - they are blaming the registrars.

I also hold through AJ Bell - they were unable to give a reply and said they would investigate and get back to me but haven't yet.

More than a month has passed since it should have been concluded so if anyone else has the time to chase up as well, the more queries raised the better to prompt some action.

CMA offer at 480, yet SP hovered above 500 - a good indicator market expected a higher offer, now arrived

GXO offer at 605, yet SP hovers at 615 - that's enough for me to continue to hold in hope of a higher bid yet.

Who knows, can go either way. If you sold out already and made a decent profit - good for you.

Think the mcap is nearer £5m and when company was doing well a few years back, the SP was in the 70s and mcap was nearer £10m so it's always been a relatively small company.

Dividend was circa 4p in those days. If they go back to a 2:1 split, hopefully the final dividend will be around 2p (3p for the year). So, this may just be the start of the recovery with quite an uplift still to come. Let's see. Think they need a few reporting periods of positive progress to fully get back there.

.... meant during July.

Anyway. The RNS is pretty clear on the debt / funding levels.

Think your 8.1m ignores borrowing 6m during June will increase debt but also provide a cash boost of 6m....

What I can't understand in all this is why they are spending money on studies etc using borrowed money costing up to 20% in interest, when they could sit tight for a while, rebuild cash and then progress the next opportunities. Are the geothermal projects going to produce such a good return that it's worth paying the lon interest to bring forwrd / accelerate the start date of these projects. Wish someone would ask the question and get the answer to that most basic of questions.

Much as the likes of Singhie insist on embarrassing themselves by posting nonsense on a daily basis with SP predictions six months ahead to four decimal points, the SP is falling because gas prices are falling.

Aside from the good achievement of getting all three wells and two compressors online and the excitement of cash now being generated (both of which were well flagged and priced in the SP), no-one seems to notice that the capacity of the plant is circa 12-14mmscfd depending on what you understand the capacity of each compressor to be and they are ‘only’ producing 9.5mmscfd. If the long term sustainability of the wells allowed, they could produce a further 50% more gas so I'm not sure that 9.5mmscfd is a good figure or not.

If they get their production up or gas prices recover, the SP will recover.

If anyone goes back to the GL interviews at the end of last year, it was clear that these historical oil assets in the South were very low down the company's priority list. Focus is Saltfleetby to produce enough cash to fund exploration of new possibilities such as geothermal. Whatever oil comes, comes. The plan was quite clearly set out.

Ah ok, I missed the bit about it being a one-off. Thank you.

I'm expecting a token 0.25p dividend tops. Of the 28M cash, over 15M+ was raised 2 years ago, 12M+ are pre-payments, so although they appear to be generating some cash finally, it's probably less than people think. The net profit for 2022 will be what.. 4-5M? I'm expecting a small final dividend to make a headline and then hopefully at time of results to put in place a progressive dividend policy. Surely if the order book is so strong, they will need to retain some cash to develop facilities. All good either way.

I actually agree with PB. This looks like the first 6 monthly period in the past couple of years where they have actually delivered what they said they would. Increased revenue, hitting the target, revenue sufficient to generate cash and a profit. Finally. After the last couple of years, the lower profile, steadier hands of MK look like what a CRO like HVO needs. Surely the corner has now been turned. GLA.