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Bullboard - Stock Discussion Forum 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... see more

TSXV:MJS - Post Discussion

Majestic Gold Corp. > What’s a bag holder
View:
Post by Pezo_Plaka on Aug 05, 2020 5:54pm

What’s a bag holder

In my 25 years of investing a bag holder has been the guy holding shares when the pump and dump runs its course. 

this has never been that.. the commodity simply tanked and all gold stocks with it. Promotion stopped. Ceo got replaced and that's where it stopped 5 years ago. 

this mgmt team had the cash but never put it to use... easily could have taken equity in many gold projects via investment over the last few years. Cash would be 80 million by now and everyone would want a piece of MJS  

so value, thx for your comments but insulting dudes with million of shares to their names ain't really cool...

also for u to be asking B for comments when he's been mostly absent last few years means u r one of us old timers and not a newbie  ... yes sir u r ...

good luck to us all  .. let's make money here

Comment by Value2020 on Aug 05, 2020 8:18pm
Bag 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 ...more  
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