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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 wrzkllon Feb 25, 2014 11:35am
234 Views
Post# 22247921

RE:MJS Today & Q1 This week

RE:MJS Today & Q1 This weekThanks for replying MisterB,

I most certainly like your cool headed approach and you're absolutely right with this comment:  "I don't buy into all of this other noise and I don't feel the major shareholders will accept the 50%+haircut on their shares for much longer (and a buyout at .12 or .10 or anything under .20 wouldn't likley appease them).  So, I don't see that as a threat."

I'm not too familiar with Canadian securities laws but here in the US what R&R did is illegal. IMO there's plenty of evidence floating around (some of which I've gathered) where R&R blatantly lied to us making them easy targets for a class action and claw backs. MJS by failure of disclosure is also a sitting duck IMHO...

I understand investing is a risky endeavor but what took place here was not just bad luck and delays but a series of lies that led us to where we are today. I think us western share holders should think of legal arbitrage as a hedge against “things” conveniently not working out in our favor. 

https://www.rgrdlaw.com/cases-questions.html


Bullboard Posts