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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 MisterBon Feb 13, 2012 7:12pm
339 Views
Post# 19528334

RE: Some thoughts ...

RE: Some thoughts ...

Lazer, I can tell you that every shareholder is frustrated.  In Germany, in Canada and elsewhere.  So frustrated, that some PP participants have reached their limit with patience and, basically, said "screeeew it, I'm out of here" - resulting in the liquidation of some positions.  It's not pretty, for sure.  One using BMO out for over 4M shares over the past month.  When you do nothing to generate demand for shares, you get what you see now - no one knows the story but current shareholders and no new interest means little demand .

Husband has dropped the ball huge with North American markets, essentially ignoring shareholders for the last two years and not getting the word out.  What do you think North Americans think of Husband and how he runs the company?  The performance of the shares tells you.  Just totally ignorant, but geologists for the most part do not make smart, business savvvy CEO's.

Things in China are different though. On the ground Majestic is turning the corner based on the last few quarters and what is suggested for Q1 (4150 oz produced), albeit slower than we shareholders want.  I look forward to the day and time where North America is made aware of what is going on, and valuations start to come inline with where they should be.  With three conferences in March (PDAC, HK Mines and Money and Singapore), along with the new twitter account, facebook updates, website translation into Chinese, and new pics (yeah, up today lol - good timing), you can see that they are "prepping" for something...

I just  hope it is soon (weeks) and not months, and that the financials are great, so we peon shareholders can get an idea of the trajectory of progress.  I also hope it is enough to wake the investing public and turn them on to MJS.

As a long term holder here, I am frustrated and do want to scream, but, I also know what i hold and will wait to see them through.  With $14M in cash on hand, plus $1.6 recently closed, a new controller in September to help along a HK LIsting, and a new COO this past week, MJS is obviously moving forward, but maybe a little too late for some sellers...

I'm just going to take a couple weeks off and not think too much about MJS... and yes, they do meet listing requirements, but it is the "how to list" that has been the question - most economical and best bang for the buck..

As we have for a while now,,, we continue to wait..

Roddie, time to get your **** in order... the market is telling you that they are really not pleased at all...

 

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