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.

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Post by DetVicMackeyon Jun 07, 2023 11:52am

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Post# 35484503

IPO Comparable - Aura Minerals

The pending IPO of MJS' subsidiary (Persistence) reminds me of Aura Minerals (ORA) back in 2020. ORA went public in Brazil and the stock skyrocketed within six months from its plan to implementation. I caught a five bagger on my lowest purchased shares. This experience gives me confidence that a similar situation may unfold for MJS. The structure is a bit different however in that ORA had offered common shares while MJS is offering shares of a controlled subsidiary. The implied value stays the same, but trading mechanics may be different as the arbitrage won't perfectly correlate. Nonetheless, I view MJS should closely track Persistence. I believe that the much delayed IPO will be worth the wait.

Below are some links to how ORA's IPO went down:

https://www.globenewswire.com/en/news-release/2020/03/03/1994464/0/en/Aura-Announces-Plans-for-Initial-Public-Offering-and-Listing-in-Brazil.html

https://www.globenewswire.com/news-release/2020/06/01/2041845/0/en/Aura-provides-update-on-Plans-for-Initial-Public-Offering-and-Listing-in-Brazil.html

https://markets.businessinsider.com/news/stocks/aura-minerals-inc-press-release-1029337426

https://www.globenewswire.com/news-release/2020/07/02/2056928/0/en/Aura-Minerals-Inc-Press-Release.html

https://www.globenewswire.com/news-release/2020/08/11/2076807/0/en/Aura-Provides-Update-Regarding-Share-and-BDR-Division.html

https://www.globenewswire.com/fr/news-release/2020/08/27/2084675/0/en/Aura-Comments-on-the-Secondary-Public-Offering-of-BDRs-and-the-Request-for-Conversion-of-the-BDR-Program-to-Sponsored-Level-III.html

Aura Comments on the Pricing of the Secondary Public Offering of BDRs and on the Secondary Offering of Shares