RE:RE:RE:RE:Quick DCF for MJSagree,
has so far failed to communicate a plan for the future
- how will we benefit from the IPO
- how will we benefit now and in the future
- what will MJS's future business look like without the stake in PRG
I think, the small group with the share majority is sufficiently informed. It is just dirty that MGM does not see the need to inform all shareholders
Mining ACQUISITIONS
"
Reference is made to the announcement of the Company dated 25 March 2024 where the Company’s wholly-owned subsidiary PRG Res Holding 2 Ltd. entered into a letter of intent with a potential vendor (the “Vendor”) and a target company incorporated in the PRC (the “Target Company”), pursuant to which PRG Res Holding 2 Ltd. may acquire and the Vendor may sell, 70% of the issued share capital of the Target Company. The Target Company is principally engaged in gold mining and processing, emergency rescue for mine accidents, preventive safety inspection, property leasing and investment with its own fund. The Target Company owns mining licenses of three gold mines located in Yantai city of the Shandong Province in the PRC. The due diligence process on the Target Company is now carrying out by various professional parties such as lawyers, auditors, valuers and technical consultant.
"
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0913/2024091301434.pdf pdf page 16
neverthenless, at least i dont burn money anymore with an 10% dividend yield.
best
richard