Majestic Gold Corp. V.MJS

Why does this company not respond to the gold price?

[auburn2]

Any ideas? In late 2018 the shares were about 9 cents. Now 6 cents. Gold price has almost doubled since then. Yet when gold corrected in mid 2022 the shares cratered even more, to 4 cents. Shares got some steam in late 2022 when gold increased ~$300. Gold has been on a tear in 2024 yet the shares seem to have no interest except from an RBC buyer that seems to accumulate inventory for dumping on share price spikes. Baffling situation, isn't it?

[richard45161]

See my personal opinions below How to convince investors to buy shares? a - buyer need to be convinced that he will benefit from the investment through dividend b- buyer needs to be convinced that he can sell his shares at a later time for a higher price. Is is happening in 2 ways, 1 sharebuy back from the company or 2, the new buyer  a - buyer need to be convinced that he will benefit

[auburn2]

Except they do care about the share price or else they would not have hired Stockhouse to drum up interest.

[richard45161]

It's a fig leave. 18K is ridiculous and it did nothing for the sahrepeice so far. It's like share buyback 1 & 2 - they commit and assure but fail to deliver results  Wish it was different   Best Richard