- Debt-equity ratio: MJS has more cash and cash equivalents than total debt.
Debt reduction: MJS's gearing ratio has fallen from 15.7% to 2.8% over the last 5 years.
- Debt coverage: MJS's debt is well covered by operating cash flow (578.2%).
- Interest coverage ratio: MJS earns more interest than it pays, so covering interest payments is not a problem.
simplywall.st/stocks/ca/materials/...estic-gold-shares/health
The IPO would also have been completely superfluous from a purely "financing perspective". Unfortunately, it has to be said that our 25% stake was given away too cheaply and we will see how much will be paid for the new mining operations.
With this top management - they sell cheap and buy expensive. The list of failures for this MGM is long. I'm sorry but it keeps coming back. I understand that things are more difficult in detail than when viewed from the outside, but the MGM has continually failed in the things that are important to us and concealed the reasons/backgrounds.
The best example is the delay in the aquization of the new mining assets. PRG provided transparent information. MJS simply concealed this. On the subject of mine expansion, there was an interruption in production of approx. 2 1/2 months due to a "break in one of the benches". PRG was transparent about this. MJS completely concealed it again. It is simply a completely wrong approach to information from back to front and unfortunately also characterized by extreme incompetence and unprofessionalism. Therefore, it is even good if there is a new MGM that drives the business forward with the MIne and MJS limits itself to publishing error-free press releases as favored by its shareholders.
regards
richard