RE:RE:Estimated Forward Quarterly Production nozzpack 9/3/2023: "What is also signifucant about these mine construction activities is that the cost of this planned 5 bench Phase 2 expansion of the SJ pit was supposed to be largely covered by the HKEX IPO.
Yet, it has been paid todate from internal cash flow funds from mostly low grade stockpile ore which in addition has generated surplus cash flow to our balance sheet.
This achievement once again shows how efficient the SJ mill is in extracting almost every molecule of gold that is mined .
Once significant volumes of high grade ore begin to boost the head grade, our cash flows will quickly rise as will our cash position.."
You don't see nozzpack posting here anymore because he sold his entire stake. Anyone heard from him recently? Seems he's very active on here: https://stockhouse.com/members/nozzpack
Richard on the German board says: "In my 10 years on the stock market, it is the worst MGM performance that I have ever experienced."
So what is being done to correct the perceived management issue?
Seems most shareholders like the team here? "The shareholders re-elected Stephen Kenwood, Chengliang Jiang, Charles Uy and John Campbell for the coming year."
Following the AGM, the board of directors reappointed Mr. Kenwood as president and chief executive officer, and James Mackie as chief financial officer and corporate secretary.