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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

Metals & Mining Gold
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

Majestic Gold Corp.
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(1)
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Comment by MisterBon Apr 28, 2010 6:35pm
305 Views
Post# 17041718

RE: RE: RE: RE: A little more DD...

RE: RE: RE: RE: A little more DD...And LW, where does it say they had to issue 30M shares to advance that $1.5M, or is that "just your take" without making the effort to look for things?  Considering they had $3,679,914 cash at the end of September, as per their FYE statements,  it was a cash advance - just as it was stated in the Q1 financial statements...

I know you are extremely skeptical of/down on the company, but I am not sure why you are so quick to make insinuations and negative statements without looking for the (fairly easily found) facts.  Perhaps your entry point has something to do with it?  I'm not sure.  I do hope you become more positive about the company because your knowledge of mining can be of benefit to the board.


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