Member Info for oldspursfan

Not sure if the "concise" reference applies to me!

I have seen so many posts thinking the dividend amount and associated dates are going to be announced before we have even announced a sale let alone voted on it, which we would have to to get the dividend amounts being banded around.

Like how is that even MEANT to work??

What confuses me is the basic lack of understanding of how dividends are calculated and order of announcing.

Any "special dividend" will be paid right at the very end of the entire sales process. After this the company focuses on what licenses assets and plans they have going forward.

Where does the dividend come from? Cash reserves.

How does it get into cash reserves? Following a sale

How do we get to a sale? The company announces what is being sold and for how much. If it's large enough we shareholders have to vote on it. If approved the bod go through legal necessities and sign.

So what comes first that would affect the share price? PROPOSED SALE ANNOUNCEMENT.

The SP will rerate when the company announce a sale that they themselves back. This will be for the full value of the sale proceeds, so if £2bn, SP goes to 70p area. 5bn? 160p etc.

It will bob around at that level until deal is signed, cash received, and dividend calculated (I'd say 50-60% of sale proceeds will end up as a divi, rest paying fees, taxes and retained for future use).

Once divi is paid out, the SP will reduce by the divi amount in the ex dividend date.

Ok? Enough already on SP rerating "only when the dividend is announced" it does not and cannot work like that.

Rant over, got to prepare for SL...

From 34:40, lots going on. John Meyer SP Angel

Expecting someone to come in and do a deal/cash payment (uses "massive" - maybe ought not to...)

https://audioboom.com/posts/7870357-bill-brodie-good-of-alien-metals-jay-cheatham-bob-rosenthal-of-pantheon-resources-plus-john-meyer

Ok not the news I was hoping for today, but certainly the next piece of the puzzle!

Thoughts: nothing in there explains the urgency - we have 2 years to activate Rosgeo JV, why not wait until the AGM in June? Not as if the SP was going anywhere...

Definitely takes us down the route of asset sale and dividend, full company sale is less likely than ever.

Rosgeo looks like its staying so any sale that involving >75% existing assets must pretty much be everything else, and separates MT from the rest of Kola.

Timeframe would always be a minimum 6 weeks from initial announcement to allow for vote and legal side thereafter. So it's easy to see how our plans at WK, plus this, would impact cash flow in the period. Does look like the sale announcement is a little way off, likely not this side of the AGM.

Links in Japan and now US but as strategic funders via EPC. Will be interesting to see how that plans out. Doesnt look like it will be long before we know.

Suspect the markets knew a placing was coming hence forever locked in this range. Hoping now it's done we can break out. GLA

Cnel - Good summary

You could add into the "share price growth" theory the fact that the FCA stating they would not oppose if... helped create the bubble they now pointed at sneered at.

Re Insolvency, market conditions in the event of a no would make it extremely difficult for AMGO to continue long term (immediate reaction, availability of funding/funders etc.) - not necessarily inevitable, not the following day, but highly likely.

...for the avoidance of doubt. Outstanding work ISA

Totally understandable, and sensible. Sit back and wait for the outcome. Should be later today, so only a few hours. Best of luck.

Aviz I appreciate you pride yourself on being quick on the filter (and that is your right) but I think you may have missed the point of my post?

It's highlighting how the detractors ignore the historical drilling, because despite being some 48,000m worth, it doesnt meet standards that only started coming into being some three decades afterwards. Standards which also dont apply to russia, but they still quote.

Folly, in other words. Hopefully everybody else saw that.

TC that historical drill data wasnt done in accordance with JORC and its various reports that make up the current standard, which were issued from 1972 onwards (started 30 odd years later)

So really anything those drills *thought* they found doesnt actually exist. You should know that, it's what the detractors go by...

Hmm must have pressed "post message" too early there.

So EUA are the first PGM miner to be up for sale in this current super cycle for virtually every metal they have. There is no previous benchmark that reflects the environmental are currently in. EUA, if and once assets are sold and value is crystallised, will become the new standard that the market will have to wake up to and yes reflect in other miners.

So essentially, by referencing the other miners you are probably long on, you secretly must wish EUA will go for billions. That way you can ride the inevitible wave on those miners.

Anyway I'm glad you say if/when to a placing. That "if" means a lot - our positivity must be catching!

I think you're right Stork, there isnt much debate as most posters think that is underselling it.

Also you cant just throw in the current mcap of other companies who are not up for sale, as a comparator against one that actually is. As has been said the only time a company's SP ever reflects its true value is when it is bought.

Stork thanks as ever, but I think we will "question the story" when the Company issue something that causes us to.

Not when you post a random, negative, unsubstantiated guess.

You still dont have any rumours to latch onto either. God it's not like the good old WH Ireland days is it? What's happened to your sources??

Or, now that Stork is here:

£5 total buyout values those stakes at 50p and 25p. Whole assets: MT £2.50, WK just over 75p Rosgeo JV rights/ Semonovsky/ key player/first mover advantage in the region/ goodwill at just under £1.75. All fag packet no spreadsheet. But who knows.

Sarcasm.

I'd say everything else we have Fred.

So an example in my mind would be 100m shares for MT, 50m split across the two other parties for WK. £5b total buyout values those stakes at 500m and 250m. Whole assets: MT 2.5b, WK just over 750m, Rosgeo JV rights/ Semonovsky/ key player/first mover advantage in the region/ goodwill at just under 1.75b. All fag packet no spreadsheet. But who knows.

...and if you would be so kind Ian, I would like to guess this Thursday 20th, for the next puzzle piece.

Hoping for a double payday, triple if Septic so obliges... 8)

MUST.

SUPPRESS.

AIRPLANE!

QUOTE.

lol.

No worries both, it has been discussed, at some length. That is a general summary of the main runners and riders, apologies if I've missed any off. We're all waiting to see which if any turns out to be correct.

I'll leave it to your imagination which one the BB's pets, Stork and Tiger, state with 100% certainty will happen...

It doesnt give "other companies" rights over any new shares. What it does do is give the board the authority to allot shares to whomever they choose for whatever purpose, up to 250m new shares.

It's a routine resolution at every AGM, (check previous agendas), but wasnt passed due to a technicality in September, and left as was because it wasnt needed then.

For some reason as yet undisclosed it was specifically re-raised in april as being required to strengthen the negotiating position.

If it is for a placing it will go direct to Institutions as they did in August. If it is for the 3 other parties who own stakes in WK and MT then it will be a straight swap shares for their stakes. If it is for the splitting of the company into a "to be sold" and a "to be kept" entity, well we will soon find out. If it was for general deterrence purposes to stop some shenanigans we dont know about, well we probably wont hear anything about that.

Key thing is this was needed, and it passed. It's valid until the AGM in June, so everyone presumes something will be announced in the run up to that.

Hope this helps

...and if you want to discuss the where's why'd whatfor's and what this could mean, try rewinding through the chat to about 6 weeks ago.
Thanks

Really? That is the sole resolution put forward at the EGM we've just had. It was approved and needs filing at Comapnies House within 15 days. This has now been done. End of.