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.

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Majestic Gold Corp. > Questions

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Comment by richard45161on Oct 25, 2024 5:05pm

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Post# 36282771

RE:Questions

i need to underline that i am NOT on the same niveau and i provide thesis and arguments. There would be plenty of opportunity to reract on an argument level - but there is just nothing coming other than stupidity and nonsense. I am just reacting on BS and direct insults.

Is 0.08 Can$ a fair value for a MJS share?
i go with the DCF from simplywallstreet etc. I also count my speculation on adjusted DCF with the q3 numbers end of novemer, 20 million net profit for 2024 and dividend for 2024 end of march 2025

If not, why is the price so low?

In my opinion, its still early in MJS in delivering and sharing profit with shareholders. Will change with Q3 numbers, year results 2024 end of march 2025

Why is someone (or several) selling millions of shares at this price?
In my opinion it is just unknown. On whos behalf Goldman is buying, from who. Why is someone/or a group selling. It would be very very wild speculation. You can not look into peoples heads but there are loads of possibilitys. So with no further real insight/knowlegde - its not realistic to make a compelling argument.
I sold some shares after the dividend payment and Goldman was the buyer.
The timeline for real dates is tight - the liklyhood of 20 million net profit is very high. DCF valuation will update. In my opinion, its very likly that PRG will pay a second dividend for 2024 and i hope MJS will just also payout and will not look into other plans.

best
Richard

If you compare me in any ways to armitage or auburn - i take that personally!