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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 Nov 22, 2023 12:36pm
138 Views
Post# 35748682

RE:RE:cash flow calculation + mine acquisition plan

RE:RE:cash flow calculation + mine acquisition planYour posts are not of interest for me, I couldn't care less about baseless opinions and your constant "I told you so". It's the same discussion like in the German forum...its not about being right, it's about the arguments that are the basis for your conclusions/opinions.

What is the problem?
The mine is constantly making cash since 2 years with a stable macro/microeconomic Base and prospect. It would only be reasonable to have a divident, share buy back or other shareholder value measure.

The frustration ist that even tho it is defentetly on the table (even clown MGM has acknowledged with share buy back 1+2) - there is no real action.

Silence during IPO is understandable. Stretching this process over 2 years what was announced as "at least 3 months" is not. Now it will be silence for the time being and the process ends or succeeds or. will repeat again.

The notion MJS is fraud, baseless. The notion everybody is pulling money out of the company and with the IPO, baseless. Most of your posts, baseless.

Ian not criticising your opinion, I don't care, Ian criticising the lack of argument and the I told you so attitude. 

Despite my frustration, the business model is real, the money and the money to make is real. There is no argument or proof for fraud what so ever. For me, risk is way lower then chance. It's just taking too long and the reasons are incompetence on side of the Clownshow. My reasoning for this, I made clear. You can criticising my opinions, conclusions and this is happening here plentyful :) but at least I provide arguments and not only ... and or just nothing like most of your posts 


German forum has more than 1000 views today. People are interested but understandable hesitant. The volume right now, the volume the led to the recent spike is just pittyful. As soon as we get any news that Clownboard will start to benefit the shareholders (65 MiO us dollar cash in the books), we will rise in a snap to 0,25to 0,35 US$. 

Best as always
Richard 




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