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thanks for sharing. Any time frame provided? are we likely stuck...

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Just_a_guy

5,395 Posts.

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02/01/24

12:41

Post #: 71691297
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Originally posted by siphonmoney: ↑

Some details from questions at the EGM:

* The ratio of capital return v dividend return was determined by the ATO.

* The total amount to be returned was determined using the exchange rate at or about Jan 2023, being approx $0.69. Any subsequent benefits from better exchange rates and interest earned on the sale money held in deposits is simply being held by the company and will determine the eventual share price once relisted and/or be used for new asset purchase

* New directors will be appointed once new assets have been obtained that better reflect the skill set required

* New asset(s) likely to be gold, rare earth or battery production related in Aus or Africa most likely, unlikely to be potash. No real timeline on when this might happen, perhaps something soon after shareholder return is completed seemed to be the gist.

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thanks for sharing. Any time frame provided? are we likely stuck here for another few months?

DNK Price at posting: 8.8¢ Sentiment: Hold Disclosure: Held
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