Majestic Gold Corp. V.MJS

MJS fair share value

[rbg3006]

PRG's share price has been HK$0.70 in recent weeks.
PRG has 2 billion shares outstanding. This corresponds to a company value of HK$1.4 billion.

Converted (1:0.13) to USD, this is 182 million USD.
MJS owns 70.5% of this. That is 128.31 million US$. Or 0.123 USD per share. (Or 0.159 Canadian dollars)

When valuing the share, MJS's assets must be added. Although it is not entirely clear which of these belong to MSJ directly or indirectly via PRG. Can anyone help here?

[auburn2]

Stephen Kenwood is the President and CEO for over 10 years. He holds only 200,000 shares. Do you think you know something he doesn't? I see from your post history you post only on MJS. Are you a normal retail investor?

[auburn2]

I said Kenwood has 200,000 shares, but it's actually 270,000 according to the latest management info circular. "As at the date of this Information Circular, the directors of Majestic as a group own beneficially, directly or indirectly, or exercise control or direction over, an aggregate of 270,000 shares, or approximately 0.03% of the 1,042,664,381 outstanding Majestic shares."

[auburn2]

For the low shareholdings of mgmt & board, I'd like to see meaningful options exposure, but the latest circular says they hold zero options.