DEAD MONEY ALTERNATIVEWe now know that MPVD is DEAD MONEY for at least the next three years - perhpas four while every penny goes to paying Desmond's high priced debt. Desmond's holding a Saturday Night Special to the collective heads of all the other MPVD minority shareholders - vote for my egregiously expensive debt or I'll push this company into CCAA and take the asset. Who wants to be part of this stick-up?
Here's an attractive alternative - Labrador Iron Ore (T.LIF) which pays an 11% dividend and offers significant share price appreciation opportunity as iron ore prices climb with end of zero Covid in China and start of US Infrastaructure spending.
Simple choice: stay with MPVD and get zero dividend and watch share price drop to 10c, OR buy LIF and get immediate 11% dividend and see share price climb by at least 10%. Only a dilusional idiot would stay invested in MPVD.