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Bullboard - Stock Discussion Forum Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

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

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Post by Freddy1989Germa on Mar 19, 2023 5:27am

sorry

I take it on myself was my mistake )))

The figures are really good and the debts are paid back - what is the problem here?
Comment by Armitage45 on Mar 19, 2023 6:22am
that's the million dollar question..  you can choose: is it China, is it the management, are the numbers incorrect, uncertain future, no insider purchases, missing dividend, the never accomplished share buyback program or is it another catch we are not aware of? Up to now Mr. Market says: I'm not interested.. and we all hope that he'll soon change his mind... 
Comment by Armitage45 on Mar 19, 2023 10:40am
and there's nothing to feel sorry about... it's just funny and - as I said - in a way also true, it seems that this company is contracepted against a higher SP.... and I remember another answer to your question: this is not a broken company, this is a broken stock (from value2020) whatever that means.. 
Comment by nozzpack on Mar 19, 2023 12:07pm
Our situation as a microcap gold producer is not unique. Others are equally affected by market illiquidity due to obvious reasons . As well, We are hung up here on the outcome of the HKEX which will soon be clarified before exit March. We know that expansion of the open pit mine has been ongoing since Q2 of 2022 and that pushback #1 has been completed. We await the consequences of this in terms ...more  
Comment by rbg3006 on Mar 19, 2023 3:13pm
Majestic has 120 days to publish the annual figures. So at the end of April at the latest. Last year the numbers were on April 6th.
Comment by nozzpack on Mar 19, 2023 5:10pm
Thank you. My timing was with reference to the disclosures incumbent on the HKEX which included, as I recall , the 2022 financials in the new requirements . Otherwise , I defer to your normal timing ..
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