Most Shareholders are very longIf you review the history of this company and its earlier financings , it becomes obvious that most shareholders acquired their shares more than 10 years ago, some like Mr Dong even 25 years ago.
There were also a half dozen number companies in Vancouver that acquired shares by participating in those earlier financings .
Given the mines location, that there is a very large Chinese community in Vancouver, I suspect that those numbered companies are mainly owned by Chinese ex pats .
Volumes since about 2015 do not show large crosses or sustained high volumes .
Which makes me think that almost all earlier shareholders are still holding their shares .
Which explains why with over 1 billion shares, trading volumes are so liire , as there are no signifucant sellers.
Majestic is just now realizing the substantial value that shareholders fore saw 15 years or more ago.
When you consider that almost all financings were done at or above the prevailing share price, the conviction by those earlier .....and probably still shareholders ....that patience would be necessary for this story to turn out as they expected m is almost unique in my history of these Bourses..
Next Week should be disclosure week...