Was going to post this yesterday, but left it for today. Has anyone given any thought, as to how they are going to make any money from holding this stock.???? As most will know, MacArthur doe's not pay dividends, now, or in the forseeable future. The only ones making any money are the founding shareholders and not the original shareholders. (you guy's). So how do you make money, you could trade the stock, but given the fact no-one wants it, that's a deadend. You could sell the stock, again a deadend. Or you can wait for it too rise in value and then sell. Or catch the next Iron Ore wave. As MacArthur said in the very beginning (look it up), we are going this alone.
Here's the important bit: DividendsThe Company currently does not pay dividends. Payment of dividends on the Company’s shares is within the discretion of the Company’s board and will depend upon the Company’s future earnings, its capital requirements, financial condition, and other relevant factors. The Company does not currently intend to declare any dividends for the foreseeable future.
The words "forseeable future" have been used by other Mining Companies, which translate to nothing will ever be paid. I would suggest you read the little picture and read it well. They are corrrect, it is their discretion. MacArthur is not required by ASIC or the Law, to pay any dividends. They can pay a portion or a percentage of, it's their choice. You also have a choice.
In the notice of the Annual General Meeting Proxy Form, you are being asked to tick the boxes for what's called an Omnibus Incentive Plan. That means, MacArthur are going to reward themselves for doing absolutely nothing. FEL (an old MIO partner) on the other hand (search them) has managed to get away tonnes of Iron Ore and made money doing it. So what happened to the MacArthur brainwave, that they had, whereby "We will get in Portable Mining Equipment and start a DSO to Market", blah.... blah.... blah. Nothing, never heard anymore about it, although they did change their catchphrase to, "Walk With Us, Let Us Take Your Money".
Wake up People.
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macarthur minerals limited
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.994M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $390 | 26K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 174000 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 174000 | 0.015 |
1 | 100000 | 0.014 |
1 | 100000 | 0.013 |
1 | 250000 | 0.012 |
1 | 333333 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 15000 | 1 |
0.025 | 3600 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 10.04am 17/06/2025 (20 minute delay) ? |
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