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

Alternate Symbol(s): MJGCF

Metals & Mining Gold

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

Majestic Gold Corp. > MJS's 70.5% Stake of PRG

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Post by Nklogix on Apr 02, 2024 9:34am

MJS's 70.5% Stake of PRG

PRG is now worth 1.64 billion Hong kong Dollar. MJS's 70.5% stake in PRG converts to 200 Million CAD.

MJS market cap today: 67.7 Million

Only a matter of catching up... 3X gets us to $0.20+

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Comment by Westcoast777 on Apr 02, 2024 1:52pm

Weird stock. Trades little volume for months then volume and always slapped down at the close. Almost intentional i'd say.

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Comment by Nklogix on Apr 02, 2024 2:34pm

Its just matter of a fund manager seeing this deep discount and buy it up.

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Comment by Brakish on Apr 02, 2024 3:19pm

I believe that investors are factoring in a discount due to the illiquidity of the stock (avg volume seems to be decreasing), as well as potential issues with repatriating profits to Canada. There is escalating geopolitical tension in the sectors of base metals, critical minerals, and rare earths with China. Check China's ban on graphite exports that significantly disrupted the entire supply ...more

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Majestic Gold Corp.