<![CDATA[Selwyn: Possible $0.10 dividend on a $0.08 stock]]>

<![CDATA[Selwyn: Possible $0.10 dividend on a $0.08 stock]]>The short story is this. Selwyn Resources recently announced a deal to sell its flagship deposit for $50M. After paying off its debt, it should be able to distribute $40M to shareholders (or around $0.10/share). Most of Selwyn’s shareholders now seem to be in favour of the dividend. It seems likely to me that Harlan Meade will eventually get kicked out (though this is not a sure thing).

Here’s RCF’s position on it:

http://www.newswire.ca/en/story/1150743/rcf-comments-on-events-at-shareholders-meeting-of-selwyn-resources-ltd

*Disclosure: I own… 1 share of Selwyn. I may buy Selwyn shares in the future if my orders get filled.

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