"The cross promotion is wearing pretty thin, can you please give it a rest."
Sorry to hear you don't like hearing any objective criticism.
Tell your MGX mate Samsonrises who has been doing the cross promotion on GRR.
I'm actually trying to show you where MGX falls down badly.
I've been hearing all the exaggerated good news stories by MGX holders for the past year, however I don't see much progress at present. Shine has already closed down, it was too late to the party.
By the time MGX starts shipping 65% ore, the bank balance will be far lower than it is now.
My previous post was based on facts, if you dispute them then please explain.
"Nearly half of MGX dividend is paid out via DRP, it saves the company spending its bank balance but it further dilutes shareholders. More than 60 million shares have been added over the past 2 years. TRUE
The BOD needs the cash in the bank for keeping the high paid Directors in their cushy jobs as well as slowly getting Koolan Is up to speed which is already months overdue. TRUE
Last quarter shipping was a disgrace ( gone badwards at a rate of knots again) and this current quarter hasn't got off to a good start either. ( Just one ship due at the end of the month.) " TRUE
MGX Price at posting:
45.5¢ Sentiment: Hold Disclosure: Held
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