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Don't know jaffjoon and frankly haven't checked as it's irrelevant. If they wait till the final date that they can they may preserve the dividend but the SP will fall. If the SP drops 19.54p (the dividend) we'll be back where we are now with cash in May plus the SP. However if Barclays have done it then you already know the answer.

That's not the issue jaffjoon. If they wait until just before the final date that they can the SP will be back at 160p or less. They need to do it now or not at all. Preserve the capital value or the dividend. They can't do both.

*They should cancel now or not at all.

The danger is if the company waits to cancel, if it's going to happen anyway. The SP will fall and any benefit from cancelling will just bring it back up to the current position. They with cancel now or not at all.

Hadn't noticed the sharp oil price drop when I posted earlier.

Brent fell over $1 after 12:45 and PFC SP followed it down.

This lack of clarity is resulting in selling causing the falling SP.

I'd agree with your last paragraph. Its harsh but true. The rest is your interpretation. The leaders of each country will have their own interpretation. What we need is cooperation and there's little of that. Just opposing Trump because of his attitude doesn't cut it in the World's requirements.

I would think Trump is pretty annoyed at the oil producing war between Russia and Saudi Arabia. That's the reason for the oil price fall now. Don't see the logic about Putin getting annoyed with Trump. The gas to Germany was Germany's decision. If anyone he's annoyed with Merkel to give Russia the monopoly of energy for Germany after they had decommissioned all their nuclear power stations.

Poker, I suggest you refer your comments to Manro and gelston. They're the ones who appear to be annoyed at your justification of removing the dividend.

As for me if the dividend was removed and the SP rose on the back of that then I would sell some of my holding. Wetherspoon's SP rose 25%. If that happened here then, even at the current SP, that would be a couple of years of dividend worth. However some who hadn't bought in at the current very low price may not agree.

I too hold for the dividend. As I am retired it tops up my pension. There do seem to be two opposing views on this. Those who hold PFC for the dividend and those concerned at the reducing SP. Holding just for the steady income the dividend brings means those doing so aren't too bothered about the SP.

PFC had a reduction in the dividend a while ago and that will have annoyed holders for the dividend. To do so again will incense many. The company needs to be careful.

Also what about my point where the share goes ex dividend on 23 April and yet we're apparently not voting on a dividend until 15 May?

Other companies cancelling their dividend has boosted their SP. Wetherspoons's SP increased by 25%.

I see the AGM date is scheduled as 15 May. However the share goes ex dividend on 23 April. So it would appear any vote to cancel or continue the dividend won't happen until 3 weeks after the share had already gone ex dividend.

I had one particular case where a BT person was flying up to Beijing to renegotiate a deal with the Chinese for a phone contract. The contract had been signed and sealed. However the Chinese decided they didn't like the terms and invited BT back to renegotiate again regardless of the contract already having been signed.

Have any of you seen or dealt with NDAs with a Chinese company? I dealt with many people who stated they had worked all over the World and China would be no different. And then they dealt with China and you know what? They found it completely different.

The current situation with the virus with respect to China may give you a small indication of the way they operate differently to the rest of the World.

"No NDA would state that a seller cannot update the market....".

A very bold statement Aubery. Having worked for ten years with the Chinese in 1990's I can say they most certainly would insist on such an NDA. The penalty of not conforming would be for a worse deal for EUA. That would explain why Dmitry has been silent. I don't know whether it is the case of course as, by definition, we wouldn't would we?

TDT accuses some of making unsubstantiated comments and yet we find such comments coming the other way.

With an NDA in place what's not to understand? Please read my posts on the other thread.

AIM rules allow updates on general matters. However we don't know the way any NDA has been written. It could be that any update at all is not allowed according to an NDA.

Morning all. Someone had an email stating nothing will be said until a deal had been final and complete. That wasn't divulging anything material. However it does mean we can't expect any flanks update. It could also mean no updates at all, even for any mining at WK. 7 weeks now and it could go on for somewhat longer unfortunately.

I do believe though that our money is safe as there have been multiple checkups by the informed here and on Telegram. There have also been absolutely no hints from those really in the know at the South African conference and the Canadian conference. And, as has been stated, the NOMAD is still there and the market authorities are still happy.

So we have long termers holding at 400p and we have a few traders who've bought in recently and are traders and so will sell at a profit shortly. Which do you think the company will support?

My understanding is the company can easily cover the dividend. So cancelling it will give them money they don't need and will lose them shareholder confidence. Hmm .....

Interesting viewpoint alto. Most have paid in excess of 400p for PFC. They would not be getting 15%. You seem to be very trigger happy in liquidating stocks.