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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 Mar 31, 2010 7:44am
314 Views
Post# 16943004

RE: insiders........

RE: insiders........Fratzy,

If you  have a daily TD insider report, the sale of these shares occurred on/was filed on March 5th.  This has been out there for almost four weeks.  At the same time, the CEO increased his share position to 14M, and as filed on March 25th (TD Insider Report).

So, while selling is generally not a good thing, selling 1M while increasing a position to 14M (total holdings)  is something quite different.  I did communicate to the CEO about this when I noticed it two or three weeks ago as his 14M new ownership was not reflected in the insider ownership.  It is as of March 25th and it was reflected in the proxy material, and he will be voting all shares for the proposed items.

I wanted to ensure everyone saw the big picture, as I too was alarmed before I understood the whole picture.

43-101 time today?  I hope so. Feel like we've been waiting forever and the target was the end of March. Today.

Trading on the DAX is sideways today, so I would assume we are in for something similar today on lower volume...

B
Bullboard Posts