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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 Apr 17, 2023 10:30am
104 Views
Post# 35398255

RE:RE:RE:RE:RE:mail to James Mackie

RE:RE:RE:RE:RE:mail to James Mackie
This are the 3 topis, the first 2 regarding the past with no connection to the IPO what so ever

This is just one in a series of disappointments and breaches of trust by management towards the shareholders in the last 3 years.
 
- share buy back 1 - no shares bought back - no communication
- share buy back 2 - only 10% of the possible volume was bought back - no communication
- IPO failure no 1 - no communication
- IPO failure no 2 - communication?
 
(1) I explained these points before and I want to ask you for a detailed comment on each of these points on what were the reasons.
 
(2) Another big question is how the MJS will try to obtain the "Majority Shareholder Approval" when necessary, for example the listing process for Persistence Resources Group Ltd. Is MJS planning to ask all shareholders for their approval or just a selective group? In the past, Majestic announced the "Cancellation of Intercompany Debt" with shareholder approval of more than 50% without asking all shareholders (https://www.accesswire.com/593980/Majestic-Announces-Cancellation-of-Intercompany-Debt). How was this "Majority Shareholder Approval" obtained back then and which group of shareholders was asked for their approval?
 
(3) What is the plan for the future of MJS and how is MJS planning to benefit the shareholders in the future and what is the specific timeframe?
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