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Majestic Gold Corp. MJGCF


Primary Symbol: V.MJS

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 15, 2024 1:48pm
73 Views
Post# 36181018

RE:RE:mining acquisition - no news - 15 days after second deadline

RE:RE:mining acquisition - no news - 15 days after second deadlineI think they could use other sources in addition. It makes the IPO even more ridiculous 

For example the new acquisition will cost 70 Million US / only 16 Million will come from the IPO 

So the IPO money contribution could be quite minor. So far, IPO promises/arguments for the IPO were not be delivered as well as the actual mining aqusition.

All what's done was the establishment of an another level of MGM ot be paid and 25% of the asset given away for 30 million nobody needed.

It's the very best (clown gang) MGM there is 
I don't know when this idiots will decide it's time to inform their shareholders about the progress they made with the mining aqusition. Or have they achieved anything at all? It's just another disappointment
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