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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 auburn2on Aug 25, 2024 2:35pm
66 Views
Post# 36195291

RE:RE:RE:RE:RE:Fan Zhong Kong

RE:RE:RE:RE:RE:Fan Zhong Kong
Interesting! Sounds like you have closely followed the story for many years? What's the end game here? Here's the NR where management and board was reconstituted: https://majesticgold.com/site/assets/files/4235/2013-11-15_nr.pdf

Notice Kenwood has been in place since 2013 yet has only 270,000 shares. John Campbell 0 shares.

Curious also to know if anyone knows what magnitude of wealth belongs to Fan Zhong Kong. Would give a better idea of the importance of his position here against his net worth.

A key potential issue with the meaningful shareholders all being Chinese is that they can transfer their shares to China while Western investors can't do that. That's what investors had to do with certain Russian shares not long ago. Many lost access to their investments.

Just is curious we don't see any Western investors with meaningful stakes here.
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