RE: RE: Question for MisterB...Teknikal,
I just read the 3rd Q financials and they sure are disappointing. Shame on me for forecasting revenues that assume that the run rate was continuous at 3000 tpd, and that the grade was on par with other quarters. $2.5M in Revenue for the Q, while comissioning the new mill for two months isn't what I was expecting. They obviously didn't stockpile ore according to the mining plan (that was/is WIP).
I think you hit the nail on the head insofar as the DD period, Chinese wanting to keep their gold, and a possible takeover. I would be happy to see it and I do hope it happens sooner than later because I am growing tired of delays - whether it be Majestic's fault or the Chinese Government.
I'll have been invested in majestic for two years come November, and my timeline was two years. I'll wait until the end of Feb 2012 to review where they are and what to do with my investment, because I want to see 1) a takeover, 2) Q4 and 3) Q1 when the new mill should be up and running to capacity. It does seem quite coincidental that there continues to be demand for the stock without the push that raises the price... is someone in accumulation mode?
SM, to me, NPV plus 50% sounds about right, but the market isn't valuing Majestic in that way.... it's always about what the market will pay and Majestic hasn't done well enough in the promotion aspect to generate interest...
So, more waiting.. glad I have some other investments to keep things exciting....
Cheers,
B