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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 29, 2023 2:27am
112 Views
Post# 35420548

RE:Q4 and FY2022

RE:Q4 and FY2022in short, its bad:

- production decrease in Q4 2022
- the company is speculating with 7,4 Mio US Dollars in short term investments and is not disclosing WTF they are actually doing there
- they state a average goldprice for Q4 as follows:
- Pressrelease: $1,856
- MDA (Page 8) : 
$ 1,680

The figures in The Pressrelease dont add up correctly. I assume the correct average goldprice is, as statet in the MDA  $ 1,680. If correct, this is imo near fraud levels of low average goldprice, since the average pf goldprice in Q4 2022 was much higher.

Why are the figures wrong, not identical in the Pressrelease - MDA? In every case, it screams incompentency at least, if not something worse.

Again, persistant in their ability to fall below even the small expectations in a this management. WTF
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