MRC 0.00% 2.7¢ mineral commodities ltd

Ann: Quarterly Activities Report - March 2022, page-147

  1. 15,923 Posts.
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    Fjord,

    Just because I keep calling out your friend's false information about the company, there is no reason to take it personally, maybe if you read the announcements you wouldn't look so silly when you get caught out misleading MRC HC readers.

    Every comment you have made about MRC is false and misleading, I highly doubt your sentiment (buy) and position (held) is even accurate.
    No one who has your views of MRC would even hold shares let alone want to buy more.

    You should know MRC was intending to convert the production facilities to grid power, This was earmarked as one of the CAPEX items for the in the 2020 AGM, One really has to wonder why MRC didn't use its own funds for this rather than paying out dividends. Mr Caruso could have even suspended his $900k cash bonus from 2020 to kick this development along and elected to suspend the dividend payments to improve the profitability of the mine.

    Just think where the company would be Today if these funds were reinvested back into Tormin's operation.

    BTW Fjord, have you worked out how much money he invested back into MRC since 2018 vs his dividend payments/remuneration?


 
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