Majestic Gold Corp. MJGCF

Cash flow against debt

[Freddy1989Germa]

Hello

I am curious how the company will develop this year 2024 with gold prices above the 2000 dollar mark, the company should have good cash flow.

he way I see it, you're currently making a profit of 3 million per quarter

how are the debts to the company repaid how high are the debts? is repayment a priority for the company?

[Brakish]

In my view, the balance sheet appears robust, but it appears that investors are not expressing optimism about this company since the listing of Persistence... currently trading below book value per share.  

[Brakish]

It seems my screenshot didnt follow. Cash flow from operation was $25.7M (LTM Sep-30-2023).   Dec-31-2021 Dec-31-2022   Sep-30-2023   Currency USD USD USD ASSETS       Cash And Equivalents 34.9 45.4

[richard45161]

Simply Wallstreet had a good overview. You need to create and account but it's free Under "health" you find something about the dept https://simplywall.st/stocks/ca/materials/tsxv-mjs/majestic-gold-shares Best Richard

[Freddy1989Germa]

If I see this correctly, Majestic Gold currently has 59 million in debt 59 million 2023 December 48.4 million 2022 December 30.1 million 2021 December Does anyone know how much money Majestic Gold has to pay for the debt service interest? I mean how much money Majestic Gold pays off you would think that with the cash flow there would be enough money left at 2000 dollars gold price to push this

[richard45161]

MJS has 4.18million us dollar in debt and 33.5 millions us dollar total liabilities.  Please google what total liabilities contain. MJS has a very healthy balance sheet  Best Richard