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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

Majestic Gold Corp. is engaged in mineral resource exploration, development and extraction. It operates the Songjiagou open pit gold mine in the eastern Chinese province of Shandong. Songjiagou Gold Mine covers over 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 kms 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 kms North of Kalgoorlie and 700 kms northeast of Perth, in the Goldfields region. E77/2817 (Moorine) Tenement consists of eight blocks located 400 kms east of Perth.


TSXV:MJS - Post by User

Bullboard Posts
Comment by MisterBon Feb 19, 2010 8:40am
210 Views
Post# 16798956

RE: MJS

RE: MJSRY,
I wouldn't say there is "active" accumulation, but there is dumping by Anonymous, TD and BMO.  Small volumes though, but absolutely no interest in the stock, that is for sure. No one is bidding this sucker up, but that helps if you want to accumulate between .04 and .05.

I have an order in for 200k at .04 today to try to reach my target holding before all the news items come out including:

-New 43-101
-Receipt of $7M payment for Sawaydaerdun
-Q1 results (or update in the results)
-Info about the AGM
-Any update relating to the current process rate of 1500 tpd - since Dec this mine has been processing at that rate, so what do they have to show for it is the big question?

Really, for me, I am in "wait and see" mode, which is why there is little value in posting repeat info. All that we know has been posted and it is more of a waiting game for the news to come out into the public domain...

I may try to call Hibbits tonight to see if there is progress on the info package being worked on... I know they've been working on that since Feb 10th, and based on last year, financials should be out friday of next week.  In my view, if they complete a "subsequent events" section, there should be significant info...

We wait and accumulate in the meantime.

Cheers all.

B
Bullboard Posts