Post by
Gazoo2021 on Oct 06, 2022 12:18pm
Dato Sia Hok Kiang
When you think of the successful business leaders in your area, does Cathy remind you of any of those people.
When Dato Sia who runs Malaco, a fine tuned efficient operation looks at what is going on, he also must be disappointed.
We went from $.50 a share to $.07 in the last ten years.
Wrote off 100 million for the Megamess purchase that was recently sold for 30 million.
We bought for 90, spent 30 and sold it for 30.
All this was completed while Cathy was a CFO or CEO.
Sorry, we can only go up, once these incompetent people are gone.
Dato Sia with his 55 million shares has a finacial interest in making changes.
A merger with WestGold is certainly one of the better options for all of us.
WestGold having access to the North American market would be a tremendous benefit to them.
Comment by
Gazoo2021 on Oct 06, 2022 6:27pm
Hi Nozz We do not know all the ins and outs to this grouping. We do know that Dato Sia owns 55 million shares and also owns Malaco. We also know he is an astute knowlegfeable mining proffessional. If you were in his shoes, how would deal with your 55 million share investment in MMY?
Comment by
romara on Oct 08, 2022 3:29pm
You are so right Wayne..... that's the last thing we need is to be stiffed by a large shareholder... ...... Richard
Comment by
Wayned52 on Oct 10, 2022 2:42pm
Gazoo , I have big financial loses here and any dividend paid by a miner or a junior miner like West Gold would be embarrassingly small , less than 3% and likely 1.5% and then as another slap in the face you pay tax on the divy . I pay tax on my 3% while the stock goes down 30% or 50% . Not much of a deal . I think I already explained to you why West Gold is not interested in MMY .