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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 22882288on Aug 21, 2024 1:44am
56 Views
Post# 36189213

RE:30th August: Boardmeeting to approve half year results

RE:30th August: Boardmeeting to approve half year resultsIt is quite interesting that PRG published that announcement with a direct reference to "considering the payment of an interim dividend, if any." If there is absolutely no intention to announce a dividend, then it does not makes sense to even mention it. Of course it could just be ear candy and no dividend is actually declared, but we know in past PRG has declared dividends every year for the past several years with free cash flow, typically during Q4. Timing wise, it would make sense for a dividend to be approved by the Board at the end of this month for payment in Q4. Should this occur, then we could expect to see cash flowing out from PRG to pay PRG shareholders including the MJS parent. Whether MJS issues its own shareholder divididend remains to be seen.
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