Majestic Gold Corp. MJGCF

points

[richard45161]

Hi,

i want to underlie that i try to differentiate when i state facts vs my opinions with the words i use. I think, i hope, it can be and so on vs. a much stronger language, for examples when i list the failures of the mgm :)

"
- MGM still has not reported on the progress (Deadline 31.07.24) (i changed here, because was wrongly stated from me) for the new mining aquisation

My guess is that their offer got rejected with the rapid rise of gold prices affecting valuation. Management should simply state that the acquisition target is off rather than stringing us along.
"
I hope that if the process have had failed, they would be obliged to communicate this. I am hoping that, since the progressed as planned, they are confident they could communicated at a time they see fit.

The IPO so far brought only negatives. It restriced any share holder value measures and delayed the mining aquisition process for 2 1/2 years for 30 million nobody needed with the cash and cashflow MJS generated. So far, the promised benefits are were a lie and there is really NO upside at the moment. Mayor mayor fail by the MGM

"
Richard, you allege: "he ["J Clown Mackie" as you call him] has lied to me personally or professionally (share buy back 1/2) before"

Have you confronted him on these lies? If so, what did he say? If not, why not? Why do you feel he feels the need to lie to you?
"
Yes in our phone call. I was under the impression that he did not realized the severeness of this failures and misinformation. I tryed to stay in contact but his behavior in regards to take me serious were so unprofessional and plainly insulting, that i stoped contacting him. At the end, i think that he only wanted to speak before the IPO a "manage noise" and after the IPO, it was clear he just did not care anymore. It is just dirty

"
Richard on the German board says: "In my 10 years on the stock market, it is the worst MGM performance that I have ever experienced."

So what is being done to correct the perceived management issue?
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I wish there would be a different way of seeing it. I am open to see a list of things they did "good" vs. the long long list where they did not deliver at all, not in the quality they promised and or not in the time frame they promised. Or a happy little mix of all of this 3

"

Seems most shareholders like the team here? "The shareholders re-elected Stephen Kenwood, Chengliang Jiang, Charles Uy and John Campbell for the coming year."
Following the AGM, the board of directors reappointed Mr. Kenwood as president and chief executive officer, and James Mackie as chief financial officer and corporate secretary.

"

As countless times stated before, there is a small group of shareholders who represent the share majority and they were adressed by MGM for the transfere of assets, IPO approval PRG without asking all sharehlders. I assume, they are sufficiently informed by mgm. they are who is deciding when and what will happen. MGM does not care about us normal shareholders. Its dirty

In my opinion, they have a natural profit interest and they should stop burning there money due to opportunity and inflation costs. There average should be around 0,18CAD. I HOPE that they finally decided to stop burning there money

[auburn2]

Stock is looking stronger now. You must be feeling some well-deserved relief, Richard.

[richard45161]

Honestly, I am happy about a growing volume, especially in USD. Share price up/down does not bother me very much, if there is no fundamentals behind. I am not in the negative with my shares  What bothers me is that MGM is not communicating s++t about some very basic and fundamental things like: what is the purpose of the company after the PRG IPO and the withdrawal from China? This and so

[Freddy1989Germa]

The problem is that some Canadian mining stocks only care that the company is running and that salaries are paid   I am trapped in such a mining company myself, the shareholders interest them 0   The main thing is that the mines keep running and the cash flow is sufficient to cover salaries.