Majestic Gold Corp. V.MJS

Alternate Symbol(s): MJGCF

Metals & Mining Gold

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.

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Majestic Gold Corp. > Company structure after IPO

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Comment by rbg3006on May 10, 2023 2:29pm

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Post# 35441332

RE:RE:RE:RE:Company structure after IPO

The problem is that Chinese people are not allowed to buy stocks outside of China (except HK). This means that they cannot switch to the cheaper alternative MJS.
The PR related to the IPO will primarily take place in China. Here in the west, you won't notice anything and won't win any new shareholders.

All that remains is to trust Mr. Mackie's statement in an email from November:

"The Company will be reviewing its marketing and communication strategy in the coming months"

Let's wait and see.

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