Member Info for kennyboy

Hi. One transaction so far today - mine. I bought 100,000 and it is shown as a sale. I'm banking on the potential upgrade of known resources as mentioned in their last RNS as follows :- Landore has initiated a comprehensive relogging and sampling programme of existing drill core from the B4-7 deposit to identify potential Alpha Zone mineralisation previously not sampled due to low sulphide content. It is now recognised that PGE mineralisation is not necessarily tethered to sulphide content, as is the case with the recent high-grade PGEs intersected in drill-hole 0414-503.

Are you all aware that the "Special Dividend" is nothing more than a compulsory purchase of some of your share? I can see no advantage to the shareholder which the term "Special Dividend" would imply. Taking the simplest example say on a holding of 170 shares one would receive 170x56p = £92.50 and would lose 10 shares leaving a holding of 160 shares. If one then wanted to restore his original holding he would have to buy 10 shares in the market the price would then be higher (to allow for the reduction in the total number of shares now in issue). So the £92.50 Special Dividend would be insufficient . My point is, if the Company are to go ahead with this scheme should they not call the operation a "compulsory share buyback" as there is little or no benefit in this to the shareholder ? The term "Special Dividend" is a misnomer. To my mind "Special Dividend" implies an extra dividend awarded to shareholders in addition to the interim and final dividends. Do you think that this scheme is fully understood by shareholders?

The reference to the dividend being paid to those shareholders appearing on the company register as at the 31st May means that the Registrar has chosen that date as the cut of point for making alterations to the shareholders register and will then proceed to pay the dividend to those shareholders appearing on the register at that date. This cut off date will always be a date after the xdiv date. However many of the dividend payments made to ex-Holders who sold their shares prior to the xdiv date are not entitled to the dividend and so will have to pay that dividend to their broker who carried out the sale before the xdiv date. The selling broker will then have to claim the dividend from their client in order to pay it over to the buying broker who in turn will pay it to the buyer who bought the shares before the xdiv date. The "on the register date" is purely a date of convenience for the Registrar. I do hope that I have explained the situation adequately.

The xdividend date is 29th May. Suggest you use www.dividendinvestor.co.uk for all dividend information re all quoted stocks and shares -- a very useful site.

The 2010 Final Results were announced on 24th February last year so one could expect the 2011 results to be announced around about the same date this year.