The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I cannot understand how these special dividends with share consolidation are of any benefit to shareholders. As someone else has mentioned I'm still out of pocket after the Tesco one. Depending on how your invested and how many shares you have they only result in a payment to the tax man. I think it was Greencore some years back made a similar proposal but changed there plans when investors complained about the tax implications.
I went camping once beside some rapids on the Luansobe stream, I hope this prospect is no where near, it would be a shame to spoil such a beautiful area with the accoutrements of mining. I remember one guy falling asleep and starting to snore so we filled his mouth with chillies. He could not understand why we were falling around laughing the next morning when he was complaining of a foul taste in his mouth.