Spin-off Gold company - a nice dividendI know the stock is badly oversold but the mangement is giving the shareholder a nice stock dividend
They sweetened the deal from earlier proposed in the year. The approval meeting is in November and is expected to give shareholders 1 new gold co share foe each MTC share. If the new gold company trades at 25 cents as was suggested then that would be a 12.5 cent dividend to existing MTC shareholders. A great reason to buy more shares and to average down