RE:RE:Profit expectationthank you appreciate it and congrats on the 500k+ of shares i assume you have purchased. I know its like an therapy session sometime, but at lest i underline my opinions with arguments and reason and without an agenda. I have have had good reason to believe MGM will change something for the better for its shareholders and i was wrong multiple times. Still, i am convinced it will change this time!
Can you give more information on this point: "distribute with excess cash flows. China's capital outflow restrictions I imagine have played a part of transferring funds from the PRG subsidiary to the MJS parent"
"It states that there are capital outflow restrictions, other than trough normal dividends"
Timeline
Q1 financials till end of May. Indication if 20 Million net profit is in reach. (14 Million share for MJS)
Mayor mine aquisition progress till end July. Lets see if its a reasonable price for good value
AGM PRG 26.07.24
AGM MJS 11.07.24
Normally, a month before the AGM the items to be voted on will be published. Normally, the decission on a dividend will be voted on then. MGM has decided on the transfere of assets and the IPO of PRG without asking all shareholders. If there will be a dividend and if the ask all shareholder, will will know by 10.06.2024.
I think there is overwhleming reason for Strong shareholder value measures and i think a dividend would make the most sense.
Will will see in less then 7 weeks! A blink of an eye in terms of waiting for news with this company.
Best
Richard