Member Info for shareaction

Interesting, Del! Can you with DMA subscription place limit trades for all AIM companies straight on the electronic board in DIRECT COMPETITION with the MMs? If so, which brokers offer this trading service? (My "brokers" says that Level 2 is only an information system and where I still need to trade via the outdated, but unfortunately protected MMs)

I believe it is much better NOT to use their PublicRamping company or department to create what they call "shareholder value" (=inflated shareprice). If there is nothing price sensisitve to report, then don’t report - and certainly don't create any stories. Instead they are concentrating on exactly what they should do: core drilling sampling and analysis. What the market thinks about the shareprice from week to week is not relevant. And for all we know, £6.5m marketcap may be far more than it is actually worth at the moment.

(apart from the obvious collection of free and regular dosh of course) They only operate in China, so why? However they will have plenty of opportunities to get involved with financial acrobatics on AIM. Not actually being here themselves provide the most solid safety net. This will be fun to watch HOWEVER actually very sad that so many investors will be attracted to these nicely coloured and scented flypapers.

Yes, get out of the Naibu-copycat, Camkids, they are peddling the same fairytales whilst the shareprice just fell and fell - completely for no reason whatsoever...

Quite desperate I think to copy+paste in an 18 months old story about one of Abramovich's lotto tickets to support the current situation without even trying to explain why it should be relevant.

25 September 2014 CAML said: “Copper Bay Ltd remains on track to deliver the pre-feasibility study (PFS) in Q4 2014. Should the project economics appear favourable at that time, CAML has the right to invest a further $3 million to increase its ownership to 75%. The funds would then be used to finance additional studies to produce a Definitive Feasibility Study (DFS).” Now, more than a month after Q4 2014, still not a word from them. The low copper price has probably killed off this project.

Zhang obviously knows it is not true then or he would have taken it private

That is exactly the inexplicable point, testpack, if Zhang didn’t want to be seen to increase his percentage holding he should have taken All the dividends as cash. Simple! However he knew that if he did that he would bleed the company dry. So he mostly took scrip shares. Why? He had no choice, there wasn’t enough cash. You are correct, £41m cash (normally) is plenty to pay £1.5m dividends so there should be no reason to offer scrip. However if you haven’t got anywhere near the £41m in cash you must do anything to minimize the use of cash, for instance offer scrip instead of cash divi. It is clear that it is an extremely tricky balancing act to offer dividends to sweeten the shareholders when you haven’t got enough cash to pay it. To me, everything CAMK does has hallmarks of a company with very little unencumbered cash.

This is “why” they offered scrip as an alternative (from their website): “The benefit to shareholders in electing for the Interim Scrip Dividend and receiving their interim dividend in the form of new Ordinary Shares instead of cash is that they can increase their shareholding in the Company without paying dealing costs or stamp duty. The scheme is also a benefit to the Company since the cash that would otherwise be paid out in dividends is retained within the business.” Well, the chairman said he would take scrip and with his 70% holding that would sort out the CAMK’s cash dilemma as only maximum 30% would be paid out in cash, assuming all the rest took cash. As for increasing shareholding, that is the simplest thing in the world without scrip, and saving 0.5% stamp duty is nonsense as AIM shares are mainly stamp duty free and otherwise totally insignificant anyway. Saving brokers commission is also peanuts after all the losses incurred. As for the argument that the company would benefit from saving cash, speaks volumes as they here implicitly admit that they have got very little of it. No, this scrip thing was a stunt designed to silence those of the shareholders who doubt the figures they present. Failed miserably.

Although the RNS said the company "requested suspension" it might have been a euphemism for being forced to do so by the AIM Irregulators. A piece of string comes to mind regarding how long it can remain suspended.

skier, what? Don't you trust them?

Roll-on April 2015 - that's when they can withdraw, not just RMB100mill, but RMB103mill (incl. interest)! I wonder where they will deposit the "cash" after then. I'm sure they will be even more creative.

Camkids CLAIMS today that they became more pro-active in April 2014 by locking away RMB100mill in a 1-year deposit account at a 3% pa interest rate. Wow, that what I call serious pro-activity. Even more active than using the mattress! How about using the money to run the business instead? CAMK should invest in stand-up comedy instead.

Sorry - wrong board....

Today’s joke RNS: Camkids CLAIMS today that they became more pro-active in April 2014 by locking away RMB100mill in a 1-year deposit account at a 3% pa interest rate. Wow, how pro-active can you get? However, is it true? Or just an "explanation" why money cannot be used for running the business?

hahaha! With that pledge they will, in true style, guaranteed spend it before it is due!

If the takeover is voted through as proposed I will treat the CVR payment, IF ANY, as a simple repayment of an interest free, high risk LOAN which I generously implicitly will give them. Loan repayment is not subject to IC or CGT. (For the record you should take your own advice on this issue.)

Can repayment of the loan under the loan note in any way be interpreted as non-taxable transaction? (FTO-shareholders actually give a high risk loan to Fortune Dynasty Holdings Ltd which may or may not be repaid.)

Hahaha! I know! Income Tax is my only worry as I can never envisage Capital Gains Tax to ever be a problem for me as I have a ridiculous amount of CGT-losses carried forward from a distant past...

I did the same as you, JTS, bought more at sub-140p! I have owned and accumulated this since 2012 and yes, the dividends from this stable cash machine are great and perhaps the main reason for owning. Copper Bay would be a great bonus! I only wish I had more capacity in my ISA + SIPP now to protect the dividends from tax...