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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. > Volume above 6+ Million
View:
Post by Nklogix on Oct 01, 2024 9:52am

Volume above 6+ Million

Goldman or a buyer at Goldman just added another 6 million shares.  Seems like they or this buyer is trying to pre load before the breakout.

This is after the Ex-Dividend.  Something else is coming down the pike and positve, i am too small to have any inside knowledge but Goldman or Goldman's client isn't small
Comment by richard45161 on Oct 01, 2024 10:14am
historially, much smaller volumes have led to an price increase. It is remarkable, that we dont see rising shareprice with the volumes we have since the dividend anouncment. I wonder who is selling millions when the share price is not substantially higher then before the dividend anouncment and with the prospect of increasing production and possible announcement of a second dividend for the ...more  
Comment by Nklogix on Oct 01, 2024 10:43am
looks like crosses to lock in profit and take the weak hands to build a bigger position.  Lets see what they know been holding for over a year around this cost base. Can't find anything wrong with company other than the share price... Let see