RE:RE:RE:As I said Fundamentally, this should be a good investment. I go with the valuation -0,21 CAD from https://simplywall.st/stocks/ca/materials/tsxv-mjs/majestic-gold-shares/valuation. DCF / and under data you find the details of the calculation.
I also believe that the private placements have an profitinterest of around 100%. Which lead to a valuation of around 0,5 CAD
- reverse share split 10 to 1
- small dividend of 0,05 cent on that basis of 104.500.000 shares (6,5million with taxes)
- share buy back of around 25million (around 4 million)
It would "only" cost around 10 million. A small price for 4 years of the BS the company is pulling.
Great prospects in terms of gold price, resources etc.
If implemented - market cap of 500 million USD would be possible in my opinion. But as argued before, we are completely dependent on the small rich shareholder majority. They know the plan, the decide when it's time for a rising share price.
Best
Richard
This would assure shareholders that the great fundamentals will translate in benefitting the shareholders. Like it should be in any other decent public company.