Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Got to admit, feeling for djryan, Iām in a similar position holding close to 2 million shares, crossed my mind to pull a few out as like he, I was not happy with the comms from the company and all the last minute announcements, that said they are a junior minor, doing something they have never achieved before, itās pleasing to note the latest pour was over 1000 oz, a marked improvement, and like DJ alluded to it will take a bit of time to get elation/extraction where they need it, a few more months maybe, glad I gave them a little more time
This news has to be a pre cursor for better news, makes no sense to announce this info IF they know they cannot deliver washed coal within 10 days, I am guessing what we are delivering 8,840 clean tons of Hi Vol B coal, must be washed clean coal, have a feeling this is going to rocket over 50p and nearer to 60 in the next 10 days, fwiw I believe integrity will be champing at the bit to get as much of our coal as possible, more off take agreements in the coming days
Medi, I do not think the bod unless otherwise stated in the admission document can exclude any investors, for a dividend to be paid it is on the basis of. All shareholders on the register before the ex dividend date, they would usually announce the intention to pay a dividend via rns, all the details of ex dividend date will be included, you usually see a sp increase before ex divi, and drop a bit after ex divi. Caveat, depends on what the divi is, if itās big, it may bring in more investors and iis, pension funds as a good divi yield.
With regard early investors rewarding them will be just that, if you are holding shares at 10 20 or 30p and the divi is 5p, thatās 50% 25% and 17% respectively, thatās some reward for āearlyā investors, and presumably this would increase year on year.