Majestic Gold Corp. V.MJS

IPO Price

[Nklogix]

Right now all we have is projected range, be it hopefully vetted. We will find out the actual price of the IPO on Dec 22. 

Once the first day of trading closes we will have much clearer picture of where the share price will adjsut to.

We have the money that we have ON THE BALANCE SHEET = 8c or 8.5c plus 51% in PRC the ongoing company.  How is this bad other than if PRC tanks but to what???

Bottom line MJS is 8c + 51% of PRC, please correct me if i am making a mistake in the calculation.

[lululala]

Your "mistake" is that your calculation does not take into account some important parameters.   For example, what happens to the money in the balance sheet? Is it given to PRC? Is it given to the shareholders? Is it invested in a 10 bagger? Is it invested in an Australian stone shipping company?

[richard45161]

For the source please check the brochure:https://en.persistenceresource.com/upload/Pdb3fe52a25a74174ab7d1ac6c0b208ba.pdf pdf. page 159-160     The gold producing (underground and surface) mine 100% following ownership: Dahedong 25%  PRG 75%   Profits are split here for the first time: 25% Dahedong and 75% PRG     PRG is the gold producing

[TOCKY8008]

Hello. pls explain :  70.5% of 75%  =  52.88 %  not 51%. Also, is it known :  if Daedong  owner(s) also own   Majestic' shares ?, Richards' Resources shares  ?   Tku TOCKY8008

[TOCKY8008]

Oh, and I forgot ,do you think Daedong owner(s)  will participate in the IPO ?

[richard45161]

pls explain :  70.5% of 75%  =  52.88 %  not 51%. thats the reason why its important to make your argument comprehensible and provide a source. I was estimating....when 70.5% of 75%  =  52.88 % its correct its correct :) if Daedong  owner(s) also own   Majestic' shares ?, Richards' Resources shares  ?   its only known that

[TOCKY8008]

Hi again, I rechecked a few numbers and if you take into account the possible 75 millions shares over allotment of the IPO, it comes to 51%. You must have read 51% somewhere ? So ultimately you were correct. Regarding Mr   Fang Kong is he this guy : (Dahedong google search ,HKEX news, pdf file. ) IF not, might be a relative ? (Yantai City Dahedong Mineral Processing Co. Ltd.*), a

[TOCKY8008]

Me, again I should have Highlighted this  guy too : (Yantai City Dahedong Mineral Processing Co. Ltd.*), a limited liability company established in the PRC on 14 December 2009, a minority shareholder of Yantai Zhongjia which held 25% of the entire equity interest in Yantai Zhongjia, and is a connected person. As at the Latest Practicable Date, Dahedong was owned as to 50% by Mr. Kong Fanbo,