It was good to see progress made towards reinstatement of the shares.
If Mejority only have 7m shares of the 434m shares that are issued in XPD then then are only a minority shareholder. It will be interesting to see what influence they have at board meetings. Previous chairman and Directors have struggled to influence.
When the accounts are finally released there should be no reason not to pay a dividend. Possibly 1 cent per share.
XPD Price at posting:
3.3¢ Sentiment: None Disclosure: Held