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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 22882288on May 29, 2024 1:29pm
99 Views
Post# 36062664

RE:Profit distribution Plan

RE:Profit distribution PlanMJS as the parent has access to PRG's cash by way of PRG's distributable reserves insofar as PRG makes such dividend payments. PRG has issued shareholder dividends over the years and historically it appears that these dividends are paid in Q4 as per PRG's annual report. MJS receives its higher proportion as the parent while the non-controlling party receives a lower proportion. The amount distributed has been in line with annual profits. Please keep in mind that MJS reports on a consolidated basis so we don't see the breakdown like we do in PRG's financials. 

The PRG AGM did not have any items of major impact other than PRG being able to issue/buyback shares. There is no plan for a special dividend, but that does not mean that normal dividends won't continue to be distributed.
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