Majestic Gold Corp. V.MJS

Q4 and FY2022

[Value2020]

At December 31, 2022, the Company had cash and cash equivalents of $52.7 million, compared to $34.9 million at December 31, 2021.

Key components included:

•  Cash - was $45.4 million; up $10.5 million from the end of fiscal 2021 

•  Short-term investments - was $7.4 million, up $7.4 from fiscal 2021
 
• Deposits and prepaid expenses - was $0.8 million, up $0.2 million
 
• Inventories - was $2.7 million, down $0.4 million
 
• AP and accrued liabilities - was $5.1 million, down $6.6
 
• Current portion of long-term liabilities - was $1.1 million, down $0.1 mil
 
• Income tax payable - was $10.6 million, up $3.5 million

• Loans payable - was $4.3 million, down $0.4 million 

Majestic began fiscal 2022, with $34.9 million in cash. During the year ended December 31, 2022, the Company generated $30.3 million from the Company’s operating activities, net of working capital changes, expended $15.1 million in net investing activities and $1.5 million in net financing activities, and had a foreign exchange gain of $3.2 million, to end at December 31, 2022 with $52.7 million in cash.

[richard45161]

in short, its bad: - production decrease in Q4 2022 - the company is speculating with 7,4 Mio US Dollars in short term investments and is not disclosing WTF they are actually doing there - they state a average goldprice for Q4 as follows: - Pressrelease: $1,856 - MDA (Page 8) : $ 1,680 The figures in The Pressrelease dont add up correctly. I assume the correct average goldprice is

[richard45161]

and we waited for this kind of s##t....and they pushed it to the last possible time to release. Why are the y are not all fired? i really dont understand this anymore