Latest press release from Kiri uploaded after market hours. It doesn’t even mention “rewarding shareholders” anywhere. It’s ironic that the case was fought to protect rights of minority shareholders. It seems, more than 90%+ fund to be deployed in new growth areas doesn’t necessarily mean dividend to account for ~10% proceeds. It may be much lower.
Seems like the market is pricing in the scenario that there is going to be minimal or no special dividend and immediate return from Dystar stake sale. And if that actually happens then there is going to be a prolonged period of sideways movement with substantial downside risk due to uncertainties involved regarding timeline and management’s execution capability for copper and fertiliser projects. It would be good to know what is the consensus here for holding the stock - is it long term return or expectation of immediate special dividend for minority shareholders.