another lost 8 months in the books/opportunity costs 2022
- inadequat share buy back programm
- 2 failed listing attemps
- AGM set to the last possible time of the year with no mention on how the investors should benefit from the success of the company and wrong statements in the press release
- no transprency with partially false statements when asked by CFO James Mackie
- stock option plan benefitting the MGM approved at AGM 2022
all this with a cash balance of around 60 million us dollar. 2022 was one big dissapointment and i honestly have never experienced a more incompetent mamagement when it comes to shareholder relations / shareholder value.
2023
there was hope that finally, things would change but till today - its the same dissapointment with this company. MJS - a big nothing burger
Nasdaq YTD return 23: around 30%
S/&P YTD return 23: around 17%
Q2 results till end of August: will an increase in production be visible? Will it be communicated how the expansion of the open-pit mine is progressing and what the current production is?
End of September: first capital contribution for the new asset, according to the HKEX application documents - the IPO should be done then
AGM 2023: When will the AGM 2023 announced and will there finally some actions layed out, how the MGM is planing to benefit the shareholders of MGM.
This company is fundamentally a GEM. But with this MGM, it has been very frustrating 2 1/2 years and till today, there is no change visible. This investment shouldnt be a hobby, a joke or some members posting frequent nonsense, burrying critical voices.
still invested, still picking up share when possible, still want to throw up when thinking about the actions of this Mgm. At what point one as to rethink about this company and strategy?
“The definition of insanity is doing the same thing over and over again and expecting different results.”
best
richard