MGX also announced quarterly report today, I am not going to...

MGX also announced quarterly report today, I am not going to make comment on their operation performance, but I want to compare their report to GRR's and one can clearly see the difference: GRR's quarterly, is always short, dry and lack of details, you can't expect anything extra such as outlook and short term strategy. feel frustrating for those directors with Chinese background, you cant' even run a company in Australian way!

Regarding the dividend, I am not that optimistic the incoming div will be more than 1 cents: management had historical record not paying reasonable Div even in a good year, the last 2 quarters's result will be more than enough to give them the excuse to "preserve the cash" .

to close the gap of the true value and share price, we need:

1. Change the share holding structure, as Chines Shagang is holding over half of the company.
2. A clear up of the board and management to reduce the Chinese dominant.

But without changing the first, second will not happen as we are minorities.