RE:RE:AGM items 2024 are publishedYou can have different views but i am not making stuff up.
How this clowns of MGM can think their work is appropriate in any form , i have really no clue. Why they are not fired from the "small shareholder majority", i really dont know.
1
"After repeated assurances that the concerns of the small shareholders would be heard and taken into account..." via mail and on telephone.
nothing has changed. Its the same f##k you "small investors" mentality like the years before. No Plan,no transparent information, incompetnece and or negligence.
No Plan
well 7 months after the IPO and there is still nothing!i cant believe it. The IPO took 2 years for this iditos and now after 7 months, still nothing. Why do they wait till the mid of the year, anounce a company update for around the time the items for the AGM would come out and then, nothing? It is
no transparent information
all the information is from second sources. MGM just wont mention it, clever!
delay mine expansion,
delay mining acquisition,
production miss in Q1
(more or less every other important information)
incompetnece and or negligence
I mean, the list of delays and failurs is long and speaks for itself. Every big milestone of the last years was missed or is delayed. They presumably wait with an corportae update till around the time the AGM items will be published. Now the AGM items are published with no mention of anything and there is no corporate update accompanying it. I mean, it is not hard to understand that that is a bad idea. nothing this MGM does makes sense, it is incomprehensible
(more or less every other important information)
2
"MJS anticipates providing shareholder updates in the upcoming weeks." Mail from James (clown) Mackie 26.01.24
well 20 weeks are still weeks right?
"Dividends have been part of the on-going discussions. The Company expects to have a corporate update around mid-June 2024 which should also include any decisions being made with regards to dividends."
Kurt1989: Infos #9058 05.04.2024 from german forum: https://www.ariva.de/forum/goldproduzent-mit-mehr-als-100000-unzen-2012-453021?page=362 from an Mail from CFO James Mackie " 3)
3
"The IPO of PRG will benefit the shareholders of MJS"
analogous via phone
Just nothing. We gave up 25% of our asset and MGM does not give any F##k about us.
4
Sharebuy back 1 +2
"The board of directors of Majestic believe that the underlying value of the Company is not reflected in the recent market price of Majestic’s common shares and that the NCIB Program is in the best interest of the shareholders as the purchase of common shares will increase the proportionate interest in the Company of, and be advantageous to, all remaining shareholders of the Company."
Sharebuy back 1 August 15, 2019
never bought a single share without any explanation what so ever
Sharebuy back 1 May 27, 2021
permit to buy back around 50 mio shares, they bought back around 5mio for around 350K. all with a stable business model, not improving the shareprice and a growing cashposition. never explained why
Thiis is really only the condensed essence of failures that span over 3 years, filled with missed opportunities to make it right for shareholders and with a growing cashposition, they just did nothing or even did worse for us. What a MGM performance
(The mine is operated by Dahedong. The goldprice is more the shareholders play went well. So whats left on "achievment for mgm" to what price?)
best
richard
best richard