our favoured prospective purchaser of our assets -17 Dec 2019 17:32
The consensus among some posters here is that NORILSK NICKEL would be the perfect fit for a prospective purchaser of our assets, so I have just had a look at NORILSK NICKEL, wow! BrotherJoey was not exaggerating when he said they were a massive company, they have had an RNS today for an approved 9-month dividend of $9.58 per share.
A total dividend payout of (approximately USD 1.5 bn)
They certainly do fit the bill for a prospective purchaser and they have big pockets.
PRESS RELEASE
December 17, 2019
Public Joint Stock Company "Mining and Metallurgical Company "NORILSK NICKEL" (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")
SHAREHOLDERS OF NORNICKEL APPROVED THE DIVIDEND FOR THE NINE MONTHS 2019
Moscow - on December 16, 2019 Shareholders of Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, held the Extraordinary General Meeting (EGM). The EGM approved the interim dividend the nine months of 2019 in the amount of RUB 604.09 per ordinary share (approximately USD 9.48 at the RUB/USD exchange rate the Russian Central Bank as of November 11, 2019, when the Board of Directors made a recommendation on the dividend), totaling RUB 95.59 bn (approximately USD 1.5 bn).
The Board of Directors has proposed to set the dividend record date (the list of shareholders entitled to the dividend) on December 27, 2019.
Today's RNS for us was a great confirmation that things are progressing well and with the flanks application.
Things are looking very rosy with today's share price rise of 13.5% to 2.7p, it is in the right direction, long may it continue.