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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

Post by richard45161on Oct 20, 2023 3:02pm
146 Views
Post# 35693592

PRG hkex listing

PRG hkex listingIt makes sense not to have mayor share holder measures while the application is going on. The problem is that what was announced as "at least 3 months" is now even behind the time frame in it's third attempt. 

Even my wildest dreams would not have gone that far, that the MGM is that incompetent. But then came the press release for 2022 and the bar dropped even lower.

When listing is done either way for good / there is "good hope/reason" to believe that roi will come. Bit why should it be different this time? 

Stock Option plan - to be fair - the shares will not allocated for free, MGM will pay "discounted shareprice" for it. But I think they will allocate when shareprice is low (even lower) and only then drive roi for shareholders

From the financial statement 2022 / page 26
https://majesticgold.com/investors/financial-statements/

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