Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

UUU

Reply
PaulC
Super Contributor
Hi Guys, I looked at the SENS and it looks like if the Aquire this 'ARMZ' bunch they will pay a div of USD 1.06 per share? This seems like a lot given the market cap of the company. If anyone has taken a look can they comment. Aside from the fact that the share price will drop like a rock ex div there is a potential for good money here. Seems too good to be true. Comments?
0 Kudos
1 REPLY 1
Galuc
Super Contributor
As far as I understand it UUU have sold off 51% to ARMZ (russian govt owned company) and that is where the div will come about. Clever move as there best uranium mines are in russia and they always getting tangled with mining rights (sounds familiar) and so forth. Will be interesting to see how they fair thereafter but it will probably only happen in a couple of months time anyway!
0 Kudos