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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

Majestic Gold Corp. is a Canada-based mining company. The Company is engaged in mineral resource exploration, development and extraction. The Company’s Songjiagou Gold Mine covers approximately 75.04 square kilometers in Muping, Yantai, Shandong Province, China. It has four separate tenements, including E36/918, E37/1334, E63/2110 (Kumarl) Tenement and E77/2817 (Moorine) Tenement. These tenements are located in Western Australia, an area with demonstrated potential for the discovery of lithium oxide mineralization. E36/918 tenement has been granted and consists of two blocks located 150 kilometers (km) North of Leonora, about 50 km north of Leinster, along the east side of the Kathleen Valley. E37/1334 tenement has been granted and consists of six blocks located west of Leonora township, 200 km North of Kalgoorlie and 700 km northeast of Perth, in the Goldfields region. E63/2110 (Kumarl) tenement has been granted and is comprised of 10 blocks located 250 km south of Kalgoorlie.


TSXV:MJS - Post by User

Comment by 22882288on Apr 12, 2024 8:28pm
83 Views
Post# 35987030

RE:Adding Cheap Cheap

RE:Adding Cheap CheapI had been trimming my other gold producers and noticed MJS still lagging way behind this latest POG move up. Seen this pattern unfold before where MJS is the laggard and then catches up after days of big volume when weak hands give in to stronger ones. I am pleased to have acquired more shares at $0.07 over the past several days, increasing my position by 47%, but didn't get my full allotment with the heavy buy orders today cutting me off. Oh well, onwards and upwards. Some astute investors recognize the massive arbitrage opportunity with the Persistence Resources subsidiary trading near $0.24 MJS equivalent. I wouldn't be surprised to see a reverse takeover by the subsidiary one day. Even a discounted bid of $0.20 I'm sure would be viewed as accretive by longstanding bagholders who would be thrilled to finally cash out for less than fair value. It's already absurd folks are dumping this company that is trading for less than net cash and 1.5-2x free cash flow
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