RE:What’s a bag holderBag holder is an investor who buys the hype and holds a postion for years hoping the price gets back to their purchase price. In my opinion Majestic bag holders are about get rewarded and then some for their patience. This a great time to lower the ACB with all the uncertainty BEHIND us.
and YES i am one of you, with the cost base of exaclty .05447c. I sold most of my position on the last run up few years ago and have added back over the last 6 months, very heavily after the LICENSE renewal.
I will see your 1 Million shares and raise you 2 Million shares and maybe more. Not insulting any old timer here but, god no comments no production numbers NOTHING. That's why finally after 24 years of investing i started to post.
All MAJESTIC needs is a little lime light and it will rocket. Producing asset with 20 year mine life which no one knows about!!!
The story became a HOMERUN when the License got renewed for 10 YEARS and GOLD went from hanging around $1200 to over $2000.
I would suggest to add more down here and lower the ACB and then sell some when to reach your cost base to lower the concentration in your portfolio.
Tell everyone you like to buy/add as many shares as they can for an EASY double and if they can hang around for 12 months an EASY HOMERUN.