DMG from memory found a lot of gold in China, and the Chairman arranged for tenement to be sold to the Chinese,
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Share price went through the roof.. it took a while but after the sale they were holding a lot of cash.
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They put it to the shareholders whether they wanted to reinvest it or have a dividend. They voted for the dividend.
So 90%+ of the sale revenue was paid to shareholders in a massive one off multi-bagger dividend.
A lot of people made a lot of money.
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Considering the gold mine was in China, The chairman of DMG could have easily have kept the money..but he did not, he gave a huge dividend returning profits for the shareholder.
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I think that says a lot about the Chairman who is now the chairman of Stonehorse energy.
Ann: Spill Meeting, page-15
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