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I really wouldn't mind that.
Picking up stock at these prices
is like finding gold.
They are proceeding as fast as they can.
We should get regular news on their progress
so I wouldn't depend on getting cheap
shares right up until production.
Remember they can get other properties at any time.
They are not restricted to the present projects.
GLTY
Rocky
I am sure it will resume the uptrend.
1. There is no better investment around that
I can find.
2. Object is to increase shareholder value.
3. Intension is to plough profits back into
gold mining.
4. Cheap to get in.
5. Total Cap very small.
For the dividend rules see
the links on these two posts:
#15426 and #15691
Right on. The goal of management is
to increase shareholder value.
Everything they do is to that end.
They are going to reinvest profits
back into gold projects.
Just the right thing to do if
you expect gold prices to increase.
Just about everyone here should
know how they work by now.
But why sell?
This is one great investment.
Level2 close 26 August:
Masked Superstar - Great reference! eom
You bet. I see they are getting MXMI
ready to trade. Four MMs on the job now.
If it trades somewhere between .40 and .99
that will be just fine.
GLTA
Rocky
You have a great story to tell.
Only hope it gets better and better.
GLTY
Rocky
Just those previous owners of the shell
have shares of MXMI I believe.
Looks like no one wants to sell MXMI
at .40 so far.
The company has done everything just right.
getting the stock price whacked down all
the time is the big problem.
Yes, that seams to be the biggest problem here.
This is about the best opportunity around,
especially today with the dividend.
Looks like most of us have already spent
all available cash or there would be a lot
more action.
A year from now we will be much richer
especially those who hold a lot of GDSM.
GLTA
Rocky
Right 25,000,000 should get her there.
Hope to see it.
GLTA
Agree let's get back to the main task
getting this well up into penny land.
GDSM is way under priced for it's prospects.
I have no intension of selling.
Where did you get that idea?
I gave an excellent reference to the rules
and this chap still cannot believe it.
He appears to have lost a dividend he was entitled to.
Just trying to help him out.
Guess we will just have to agree to disagree
but it still may not be too late for him to
claim his dividend.
You should go back and re read the article.
If your shares were in your account
on the settlement date you would get
the dividend.
If they were not there when they were
supposed to be there a mistake occurred
which should be corrected by your broker.
If someone gets the dividend in error they have to return it.
Someone must have got your dividend.
Mistakes can happen. If you were entitled to
them you should have went after them.
Perhaps you still can.
You are right that they must be in
your account on the settlement date.
Not true - you better read this too:
www.investopedia.com/articles/02/110802.asp
That previous post was suposed to be a reply
to this one but I got interupted a few times
and lost your post.
Anyway you led me to the following which
is one of the best explanations of dividends
that I have found:
www.investopedia.com/articles/02/110802.asp
This is another good explanation (same source):
The Important Dates of a Dividend
There are four major dates in the process of a company paying dividends:
Declaration date - This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
Ex-date or Ex-dividend date - On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
Date of record - This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
Date of payment (payable date) - This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.
Why All These Dates?
Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.
As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three business days before the date of record, which also happens to be the day before the ex-dividend date.
[tagwww.investopedia.com/articles/02/110802.asp]
This is another good explanation (same source):
The Important Dates of a Dividend
There are four major dates in the process of a company paying dividends:
Declaration date - This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
Ex-date or Ex-dividend date - On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
Date of record - This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
Date of payment (payable date) - This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.
Why All These Dates?
Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.
As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three business days before the date of record, which also happens to be the day before the ex-dividend date.
]www.investopedia.com/articles/02/110802.asp
This is another good explanation (same source):
The Important Dates of a Dividend
There are four major dates in the process of a company paying dividends:
Declaration date - This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
Ex-date or Ex-dividend date - On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
Date of record - This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
Date of payment (payable date) - This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.
Why All These Dates?
Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.
As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three business days before the date of record, which also happens to be the day before the ex-dividend date.
]www.investopedia.com/articles/02/110802.asp
The Second Best Time to Buy Mining Stocks 4/11/05
I don't think anyone is going to do that anyway
so it is a mute point. (I will not reply to any more posts on
the subject - just trying to ensure no one is misled.
Precisely the "shareholder of record date is Aug 31st..."
So if you hold the shares on the 26th
and sell on the 27th
you are the shareholder of record date i.e.Aug 31st
and you get the dividend.
Suppose you bought on the 26th and you sold on the xdate.
You will agree that the person who would buy them
on the xdate would not get the dividend.
So who gets the divy? You of course.
But let's forget about all that.
We both know we are not doing that.
The real money here as you well know
will be in the mining to come.
(Also the money to be made in MXMI is also to come later.)
GLTA
Rocky
"3 day settlement, means if I sell the next day, I will still have the shares in my account and be eligible for the divy"
You said the above does not make sense to you.
I said that it makes sense and that the stock price normally adjusts accordingly.
Perhaps I should have asked "why does it not make sense to you?"
Rocky
Warmy - makes perfect sense.
The idea is that the stock price normally adjusts
accordingly.
xbarc - Never saw a real time free Level 2 that
lasted for other than an introductory time.
The cheapest and best for your money can
be had right here by clicking on "level 2" above.
It pays for itself over and over again.
Don't know how or why others get along without it
or a similar service.
GLTY
Rocky
They will be in your account on the 31st
if you buy on the 26th.
As long as you don't sell on the 26th your ok.
Probably today is the best day to buy
left before the 26th. Monday might be
OK too but I would not rely on Tue or Wed.
It just might be quite a bit higher.
You never know when they might put out
more news.
(Just my opinion and not based on anything I have heard)
GLTA.
Rocky
If you buy on the 26th, it's in your
account on the 31st and it is then you
who is entitled to the dividend plain and simple.
If someone else gets it by mistake
they will have to return it to you.
If you have rules they must be followed
or why have them?
I see no reason why not.
It's just like any other stock then.
27th is the ex dividend date.
You don't get the divi if you buy on the 27th.
Last day to get in and get the dividend is the 26th.
Right on! I also see that many of us
have already 30 times the value of our stock compared to what we had at the low (about .0002).
That's rather fortunate (and perhaps unexpected).
It's possible if we hold long enough that we could do another 30 times. Love to see that happen.
The advice to buy before that is great!
Waiting until the last minute
could cost a lot more.
Whoops! if you bought on the 27th you would not get the dividend (it is the xdate).
Many eyes on GDSM. GLTA eom
Level2-GDSM (should be hot this week):
(Last chance for dividend on the 26th of August)