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

Alternate Symbol(s):  MJGCF

Majestic Gold Corp. is a Canada-based mining company. The Company is engaged in mineral resource exploration, development and extraction. The Company’s Songjiagou Gold Mine covers approximately 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) Tenement. These... see more

TSXV:MJS - Post Discussion

Majestic Gold Corp. > Adding Cheap Cheap
View:
Post by Value2020 on Apr 12, 2024 1:07pm

Adding Cheap Cheap

Seems like someone is listening to @NKLogix reasoning.  This is how the MJS price rises from history, first comes the volume then 1c-2c rise everyday with stop on 12c i am hoping the stop thing time is around 25c 

Go MJS Go.  Long and Strong
Comment by 22882288 on Apr 12, 2024 8:28pm
I had been trimming my other gold producers and noticed MJS still lagging way behind this latest POG move up. Seen this pattern unfold before where MJS is the laggard and then catches up after days of big volume when weak hands give in to stronger ones. I am pleased to have acquired more shares at $0.07 over the past several days, increasing my position by 47%, but didn't get my full allotment ...more  
Comment by Armitage45 on Apr 13, 2024 3:35am
Yes, a revers take over is possible, also a rollback.  Patterns in the chart history of Majestic don't exist imho, except for erratic spikes for no obvious reason. And the volume of the last days is also strange, because it began with that huge increase in the ask and then the deal was made "behind the scenes" We will see
Comment by nozzpack on Apr 14, 2024 7:33pm
Very cheap . We all know that . With POG nearing $2300, and being the cheapest gold producer in China, it must stand out as a very desirable  takeover candidate . As management wants to exit China, it seems that a buyout should not be too difficult to arrange. I hold my core position exactly for that reason ..
Comment by Value2020 on Apr 14, 2024 8:36pm
Same here holding for 30c
Comment by Freddy1989Germa on Apr 15, 2024 11:34am
In September, Majestic Gold wants to pay back its last debts ... hopefully they will be able to do this a little sooner at the gold prices.   Debt-free would be important. On Friday, Goldman Sachs raised its year end 2024 price target from #gold to $2,700/oz from $2,300/oz previously. https://twitter.com/ceotechnician/status/1779154794021548361?s=46&t=luJBTDwxNH0u_oaa7JzNtA
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