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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 Aug 19, 2023 8:10am
103 Views
Post# 35596097

RE:RE:unclear how much cash is left wit MJS

RE:RE:unclear how much cash is left wit MJSROI for MJS shareholders is overdue. Buyback programm/dividend would require cash in MJS balance. Shortly after the IPO, with all the activity that should be going on with Persistance this year. It is unlikely that cash will be paid out this year from Persistance to MJS.

It is unclear how much cash is still with MJS. But with most of the cash in the balance of Persistance, its makes it unlikly that we will share holde rvalue measure that deseves that name.

Till now, we simply dont know the plan of MJS. But with the history of missleading information, incompetence and disregard for the small shareholders, it would not be surprising if 2023, despite overwhelimgly good financials, will be a lost year again.






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