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Kalmin

210 Posts.

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29/09/24

21:33

Post #: 75895317
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Originally posted by Dalts365: ↑

I can not believe what I am reading. This left wing socialist garbage. Go woke, go broke manta all over it.

Firstly, person X who has no money for heating, rent and food is suddenly a long term shareholder in a risky share compared to an actual dividend paying blue chip share on the ASX 200, and has been waiting over a decade for a dividend to ease their hard life in Australia? Give me a break. Listen to yourself. I am from Johannesburg. You are so out of touch with life quite frankly.

The board does not do what individual shareholders want. They are meant to do what is right. So giving a dividend to the entire share base because person X needs money for heating, while the share price less than 33% of its value is not acceptable.

This shows that you in fact want a dividend either for yourself or some one you know, perhaps X, and that is pretty damn selfish quite frankly. It is massively tax inefficient with 30% to 45% going to the ATO.

Next, who cares about Miningnut and his plans. The boards decision to give a dividend vs buying back shares has nothing to do with Miningnut and his plans or electricity bills. It has to do with their competence as a board.

There are people that bought this share because they expect the share price to rise? Can we accommodate them?
There are shareholders who want to sell Chatree and develop NE, can we accommodate them?
There are shareholders who want to sell the entire company and close it, can we accommodate them?

To make my point clear. I want a dividend. I want a nice juicy 50c dividend but that is not an acceptable course of action until the share price is at fair value.

Next, we need the preference shareholder off the board and we need a completely independent person on the board.

I gladly welcome a nice juicy dividend when Kingsgate has a 750m Market cap and above...

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Well said..
Nothing against you Fitz but Dalts is right in this..I don't think you're a left wing socialist..

Boards provide strategic direction for the entity. Not each individual shareholders reasoning and aspiration..

Boards don't look at SP day to day but look 1-3-5 years ahead. JG has to front the board to explain why the entity has or has not achieved the strategic goals. Does the shareholder play into thinking? Of course. That's the duty.

50 cent dividend IMHO is a stretch but I agree with Dalts.. when this bastard hits 750M...game on. Until then, there is a chess game occurring..

Where I sir comfortably but not negatively is whether JG can deliver. I think it can now with the CFO we have.

Juicy will be an understatement.

For the likes of Woody and LG. Tell us who should and could be (available and attainable) CEO rather than spilling without a plan..

KCN Price at posting: $1.38 Sentiment: Buy Disclosure: Held
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