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