Quote from: supermono on November 28, 2013, 04:41:25 AM

Quote from: norman on November 28, 2013, 02:01:43 AM

Are these bonds numbered and prioritized? How do you know where you sit in the queue? If you have a high priority share and trade it, does it move to the back of the line?

I don't understand this well either. This is one reason why I like acorcos' idea to convert the asset into a revenue share, and pay dividends from the mining revenue equally distributed over all outstanding shares, for as long as the mining remains profitable, and then liquidate and pay a final dividend when the mining is no longer profitable. That way, all the shares would be treated equally, and everyone would get part of their investment back

Yes. This would probably be ideal, if it can work with the group structure. Otherwise, structuring buybacks as a reverse auction out of after-dividend funds (which is essentially what repurchasing from havelock lowest ask would be) would be the next best alternative.

norman

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