In Germany...... Majestic ended very strong in the last 30 minutes of trading. After failing on a few attempts to take out a wall at .165 Euro, the following trades occurred in the last 30 minutes:
50k at .163
100k at .164
60k at .164
248k at .165
I wonder if another German Newsletter is out or soon to be published, or if news is on the horizon.
It amazes me how this company, from a mining perspective, has done all the right things (albeit with delays), but from a Promotion perspective, they have done the absolute worst job ever. I mean, NPV of $525M and a Market Cap of $110M? That is proof right there that Majestic has failed investors when it comes to Promotion, especially in North America.
With the co slated to earn 75% of the net profit, NPV pro-rated is $395M. Majestic should be trading at least 50% of NPV by now, or just a touch under .40 cents.
Getting tired of the consistent and predictable failure on that side of things, unfortunately, but still remain Long because of the fundamental value "locked" inside. Someone, please take this company out or get the damn thing into production and start Promoting.
March looks like it is unfolding just as February did. Unfortunately for shareholders. Just a long time shareholder venting. Majestic. Please, prove me wrong. I dare ya (and welcome it).
B