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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

Comment by richard45161on Dec 06, 2022 8:08am
65 Views
Post# 35152788

RE:RE:RE:RE:Base Case

RE:RE:RE:RE:Base CaseThe Management handled operations really good on multiple instances. Iam talking about share holder value were there failed miserable.

I adressed the following questions to James Mackie, but only got his "standart answere", that due to the HKEX application and so on. I mean, yes iam stupid because of course this 4 questions have everything to do with the HKEX application. 

the last 3 years: 
 
- why was the share buyback programme 2020-2021 never implemented and why was there no communication from the management?
- why was the buyback programme 2021-2022 only executed with 10% of the possible volume
- why was the AGM 2022 pushed to the last possible time in the year and then, no mention of the IPO of Persistence?
- why was it not communicated that the MJS failed with the first application and needed to file a second application?

The mine is fundamentally undervalued since at least 2 years and there was plenty of opportunity to benefit the share holders. They just didnt and they didnt communicate why. 

Iam not deliberately bashng the management or trying to spread fud. I think that my frustrating regardin the management is based on facts and i think that they first of all think of themselfs (stock option plan) before doing something relateable for share holder value is a disgrace. We even havent a real consistent plan from the mgm regarding the purpose of the IPO, the mine expansion and so on. The information we have is mostly thanks to the good work of user "nozzpack" and "value2020". 

 
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