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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

Metals & Mining Gold
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

Majestic Gold Corp. > Dividends?
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Comment by richard45161on Jul 31, 2024 4:51am
76 Views
Post# 36155654

RE:RE:Dividends?

RE:RE:Dividends?my buzzword :)

Sharebuyback 1 2018/2019
- never bought a single share back - never comunicated why

Sharebuyback 2 2021/2022
only 10% of the possible volume was bought back despite overwhelmingly good financials. Around 5 Million of possible 50 million share bought back for around 350.000 US Dollar.

details can be found in the financials for the respective years and in the "Majestic Announces Update to Normal Course Issuer Bid" releases.

https://stockhouse.com/news/press-releases/2022/02/04/majestic-announces-update-to-normal-course-issuer-bid

"Majestic believes that the market price of its common shares ("Shares") does not reflect the underlying value of the Company. Majestic's repurchase of its Shares under the NCIB Program as part of its capital allocation strategy, can therefore be an effective use of its capital in delivering enhanced returns to its shareholders."

https://stockhouse.com/news/press-releases/2021/05/27/majestic-announces-normal-course-issuer-bid

MGM did nothing for the share price/shareholder value with only 350K / 5 Million shares out of possible 50 Million.

MGM fail or they just don't give a damn - whatever, it's an absolute disgrace.

best richard
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