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I am confused by the share consolidation and the idea that the Special Dividend will result in a fall in the share price as it is a dividend. does it mean we will receive a nice cash bonus but the value of our holding will fall? What is the point?
Well you are right about one thing the POG is being manilpulated by JP Morgan and the Fed. The problem is there is not enough physical gold to cover the huge number of paper contracts. So at some time the dam will break. Just my opinion of course.
We have had a couple of great days and today on the back of a dipping POG we have dropped a bit as have most of the precious metal miners. Caused by US market and Trumpism etc. Nothing to worry about in my opinion the market always moves up and down and presents opportunities?
msirius. It means the company has the authority to buy back up to 10% of the company shares 16m+ shares and cancel them. In effect reducing the number of issued shares by up to 10%. Thus increasing your % holding of the company. This is quite a common procedure and nothing to worry about generally.