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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 DetVicMackeyon Jun 08, 2023 6:10am
68 Views
Post# 35485938

RE:RE:RE:RE:RE:The public part of an IPO (ChatGPT)

RE:RE:RE:RE:RE:The public part of an IPO (ChatGPT)@rbg3006 I don't recall Aura Minerals having much analyst coverage, if any at all back then. There were just 4.35 million pre-split 15-for-1 common shares with a 50+% majority owner so the public float was extremely thin. A typical trading day had volumes of roughly 1,000 shares but got up to 9,000 shares after plans for its IPO. Even today, it's fairly illiquid and not widely followed. Point is that popularity isn't everything. What is most important is demand for script and that's where the underwriters earn their keep. I believe that there would be sufficient demand for Persistence shares if not already established.
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