Member Info for ezerscrooge

Simon Hunt may pull a rabbit out the hat - perhaps we could have a RTO from the mines (that are supposedly producing something). Mr D'Silva may assist. We get our mines back, and fullfil supply contracts without Richmond screwing it over. I can dream...

I'm about to be turned over on this one, and was definitely shafted on Noventa (now Paragon). Their RNS statements were very misleading on progress and production 'til they decided to go pop. FSA nowhere in sight, and old BOD still roaming the planet as free men

I've got plently of time (God willing) and it's nice to see a decent performer. This is one that I stumbled across when looking at a list of high dividend payers - thought I'd give it a crack and it has certainly not disappointed. I reinvest my divi's and the stake is building quite nicely.

Yes it is nice - been watching it creep up nice and steady over the past couple of weeks. I'm amazed that not more people are banging the drum on this little gem, last years total divi was about 20% . A meaty return indeed, though the timings are a bit random.

at half million each, so someone's filling their boots, do they know something we don't.

CHAIRMAN'S STATEMENT 2012 turned out to be a disappointing year for Pursuit Dynamics PLC ("PDX"). We had ambitious sales targets and failed to achieve these. While we remain confident in the value of our proprietary technology your Board feels that other companies are better placed to realise value. Strategic review The Board of PDX kept the Group's strategy under continuous review throughout the financial year, monitoring progress very closely and continually assessing the prospects for the commercial success of the PDX technology portfolio. The composition of the Board changed in December 2012 at the time of completion of the Placing and Open Offer and the new Board set the management team very clear criteria for demonstrating the commercial viability of the PDX technology portfolio. I am now able to provide an update on the Company's progress and the implications for its future strategy. During the financial year, the Board reviewed the business lines that the Group was pursuing and concluded that it was necessary to focus on two areas: Brewing, Food & Beverage, and Public Health & Safety, and the Group built a substantial register of quotations. In view of the Group's poor record of converting new business opportunities into material revenues, in December 2012 the new Board set firm targets for revenue generation in these two areas for the six months ending on 31 March 2013 and the current financial year as a whole. Unfortunately it is now clear that the sales target for the first half of the year will not be achieved. Accordingly the new Board considers it prudent to explore all options for preserving shareholder value. The Board has concluded that there is still value in PDX's intellectual property portfolio, but that this value may be more effectively realised in other forms of ownership, or in partnership with other companies. This is a disappointing outcome, but one which we consider that the action we are taking is in the best interests of our shareholders. The Board will take steps to reduce the cost base further, including giving notice to all employees, to bring it into line with the Group's revised strategy. We propose to eliminate all liabilities associated with the existing business and we will seek to sell or licence the Group's intellectual property to achieve the best available outcome for shareholders. We will review the strategic options available to the Group and will consider all means of using the Group's resources to create value for shareholders. Our shareholders I would like to take this opportunity to thank our shareholders for their patience and loyalty during what has been a difficult period in the development of PDX. The Board is determined to take whatever actions are required to enable PDX to maximise the returns for our shareholders. I would like to acknowledge that our employees have had an uncertain and difficult year, and I have been highly appreciative of their su