Q2 Financial Results Due by May 31What a crappy month in the markets in general!!! It's always good to sell and get away from the market in the summer, but Majestic does have a few significant milestones to announce this summer. The question is, will they actually promote their achievements, or just quietly announce them to no one using Stockwatch?
Before June:
1) Financial results for the Q ending March 31st will be out by May 31st. This will be the companies first quarter as a gold producer. Their 1500+ Oz of gold produced from stopes and "clean up" will show up, but will it show up as revenue or increase in assets? Did they sell it as of March 31 or are they holding it ? Either way, they sure as hell should promote the hell out of the fact that Q2 is the first Q they produced Gold in. Will they? Who knows.
Before August:
2) We should get a three month update for gold produced in April, May, June. Hopefully we see the head grade improve close to the indicated level, although it is likely too early for that. We should see an increase in the tonnes milled as Hibbits is in China working to optimize things. This would, obviously, result in more gold produced for Q3.
3) We should see the Pre-Feasibility study - which is substantial - and will tell us what sort of potential this company will have going forward.
It would be nice if Majestic finally:
4) Received the final Payments for Sawayaerdun
5) Completed the acquisition of the remaining 40% of the Song Jiagou property.
All in all, a lot of positives, but the overall market sucks. So, time to take in the summer months and watch the markets from afar. The markets will return in due time...
Happy investing folks,
B