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Bullboard - Stock Discussion Forum 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... see more

TSXV:MJS - Post Discussion

Majestic Gold Corp. > In a war situation:
View:
Post by auburn2 on Sep 04, 2024 10:54pm

In a war situation:

Kinross to suspend Russian operations: https://www.kinross.com/news-and-investors/news-releases/press-release-details/2022/Kinross-to-suspend-Russian-operations/default.aspx

PHX Energy Announces Withdrawal from Russia:https://www.globenewswire.com/news-release/2022/08/02/2490230/0/en/PHX-Energy-Announces-Withdrawal-from-Russia.html

Calfrac Suspends Russian Oil, Gas Completions, Halts Equipment Sales: https://www.naturalgasintel.com/news/calfrac-suspends-russian-oil-gas-completions-halts-equipment-sales/

Leading global OFS operators Schlumberger Ltd, Baker Hughes Co., Halliburton Co. and Weatherford International plc earlier in March said they were also suspending investments in Russia.

Immediately following the invasion over a month ago, BP plc, Equinor ASA, ExxonMobil, Shell plc and TotalEnergies SA made decisions to divest for Russian projects and end further investments.

Anyone here know of any Canadian-listed companies still operating in Russia?

To figure out our margin of safety we need to determine 'the worst that could happen' in a war situation where China is a major player against USA/Canada.

Comment by ppp on Sep 04, 2024 11:13pm
Heaven help us all if that was to happen. 
Comment by auburn2 on Sep 05, 2024 12:02am
Could just be China openly supporting Iran that triggers such issues. We don't yet know how things play out if/when the Israel situation escalates. Lots of articles like this: Russia, Iran, and Iranian state and nonstate satellites are the main antagonists in the assault on global order: https://globaltaiwan.org/2023/12/the-axis-of-disorder-how-russia-iran-and-china-want-to-remake-the-world/
Comment by auburn2 on Sep 05, 2024 12:21am
China is Iran's top customer for oil. China imports over 1 million barrels a month from Iran, supply at reasonable prices that is essential for the Chinese economy. When Trump gets in there could be escalation on a few fronts. Trump is very supportive of Israel, started the "Trump-China trade war" (https://en.wikipedia.org/wiki/Trump_tariffs), and called COVID the China virus. Many ...more  
Comment by auburn2 on Sep 05, 2024 12:25am
Mistyped that: 1 million barrels a day.
Comment by auburn2 on Sep 05, 2024 2:09am
Actually, Trump says there will be WWIII if he's not elected. "With these clowns that you have in there now, you're going to end up having World War III, and it's going to be a war …  like no other." https://www.msn.com/en-us/news/politics/trump-warns-us-approaching-world-war-iii-territory-under-biden-harris-admin-clowns/ar-AA1q1cnO