Comment by
Mrguillaume on Feb 01, 2023 1:40pm
MRC is getting more aggressive as we move closer to Q4 reporting Feb 15. Hope to see a distribution increase - could be as much as 50% - to $.03 monthly. In the past 3 weeks, MRC (RBC Capital) has been most of the volume traded on the buy side. They have been keeping their buy orders hidden. This billionaire counts his pennies.
Comment by
flamingogold on Feb 01, 2023 3:06pm
If we get a raise to 3¢, then the share price would need to rise to $8 for a similar 4.5% distribution. A 5% distribution valuation gives us a $7 share price. Very doable. Either way, at 3¢, it is still more than 50% below the 8¢ distribution pre-pandemic. Lots of air above still. Just requires patience.