Majestic Gold Corp. V.MJS

HKEX July Applications Update

[nozzpack]

It leaves little doubt that this listing process is a very tough slog.

Only 18 of 91 applications accepted todate and only  4 of 44 accepted in Principle.

So, a 20% probability of success.

As this is our third try, our chances may be better but on the other hand it may reflect that our application is basically of inferior stature which may be the actual case...

https://www2.hkexnews.hk/New-Listings/Progress-Report-for-New-Listing-Applications/Main-Board?sc_lang=en

[Armitage45]

New status: FIP Failed in principle 

[nozzpack]

As I have stated previously, It's diffucult to see them raise funds when the resource grade is twice the mined grade. They need to invest more in grade control and new gold separators like the Gamma X Ray. Huge savings in milling costs and higher recoveries..