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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 ngobeon Sep 28, 2010 5:42am
364 Views
Post# 17499725

RE: RE: RE: RE: RE: Selling Pressure

RE: RE: RE: RE: RE: Selling PressureGood perspective MisterB.  Thanks.  I called IR agent today and complained about the way the news was released and suggested that they use the regular news wires in the future.  She agreed.  I also inquired about about a promotional campaign and was told that should be forthcoming around the time of the prefeasibility study release.  I recommend investors to be proactive and contact the IR with any suggestions / constructive criticism.

I missed the news yesterday but used today's pullback to add significantly to my position (I started buying at 4 cents earlier this year).  The news was packed with developments (i.e., was several news in one) and shows they have been hard at work in the past several months making significant progress towards their goals as stated in the presentation.  These developments have derisked this stock significantly making it a safer holding with significant upside IMHO.

Please DYODD
Bullboard Posts