I'm Buying at these levels.....bought 65k at .16 as a short term swing trade. Counting on a Christmas rally and gold juniors catching up with the price of Gold, and increased M&A in 2012.
Considering Majestic is 6 months away from the 1 year anniversary of the new 6000 TPD mill opening, and subsequent commissioning process, and and 6 months away from the start of Year 2 of their production schedule with an annualized 100,000 oz production rate going forward (and double that in Year 2 due to hitting higher grades first), good things should be coming in the next few months.
Don't get me wrong, I still think management has fumbled the ball with promo in 2011, but with the items that we know about as per the November presentation and fact sheet on their new website this month, and with those things being 6 months away, perhaps promo is finally on the horizon...
Patiently waiting...
Cheers,
B