Majestic Gold Corp. V.MJS

Why the share price can't rise

[Armitage45]

the volume here with outstanding 1 billion shares is still almost zero. I.e. everybody who is already invested  only wants to get out and is waiting for an acceptable bid. But with no dividend or takeover/buyout nothing will change, at least on the upside. If they try the listing again the SP will fall. If mgm doesn't want the shareholders to participate for whatever reason this could go on for years. Best example was the share buyback program, which they started and soon stopped. They didn't and will not explain their policy and I guess they have reasons to do so. So removed benches or higher grades will not affect the SP as long as these invisible guys called mgm continues to play their game.

[Armitage45]

Maybe  you can invest here a few hundred dollars and trade the spread, but not let's say 10k, because if you have to sell the SP will go down by 30 percent, that is ridiculous. And the mgm isn't invested here so they have no interest in marketing. They seem to have not the slightest idea how to get things going. They spend millions for that absurd construct HKEX listing instead of

[nozzpack]

You must remember that they now have millions of share options, so they do have an incentive to move the price upwards. Besides lots of other microcap golds are suffering liquidity issues as well..

[Santa12]

The MGM in Canada no longer has any influence. The decisions are made by the Chinese and they don't want to share with the West...

[nozzpack]

The whole point of the HKEX listing and IPO was to provide partial separation of operatiinal objectives . The minority PRC component wanted to grow by acquisition using HJEX IPO funds while running the SJ mines while the MJS partners wanted to be relived of their operatiinal PRC responsibilities so that they could pursue their Western interests while still retaining 51 % control of Persistence and