Majestic Gold Corp. V.MJS

Chinese Exchange Rate Recovering

[nozzpack]

In the first 9 months of 2022, the rapid rise in the USD relative to the renminbi resulted in Majestic losing $8.4 million US  when converting Reminbi to USD.

Since October 2022, the exchange rate has been recovering in China's favor and is forecast to recover all lost ground in the first half of 2023.

That being the case......see link below..we shall recover all of the currency exchange losses todate ( $8.4 million US= $11.3 million in CAD ) which will add over $0.01 per share to our cash position which makes a regular dividend much more attractive 

https://www.exchangerates.org.uk/CNY-USD-exchange-rate-history.html

[nozzpack]

Am I correct that this HKEX affair must require shareholder Approval? If so, they will need to offer some candy to get my vote..like a cash dividend

[Value2020]

Exchange is reversing already from $1usd /7.20rmb to $1usd/6.99rmb.  These are normal ups and downs, it all evens outs.