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

Alternate Symbol(s):  MJGCF

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. > still nothing
View:
Post by richard45161 on Aug 06, 2024 2:07am

still nothing

7 1/2 months after the IPO of PRG and the removal of all restrictions, still nothing. MJS has no business anymore and 2 years during the IPO and 7 1/2 months seem not to be enough to communicate a plan for the future. 

I cant say it enough: This kind of negligent unprofessionalism is incomprehensible. Why are these clowns still in charge, i will never understand. How this idiots sleep at night? i have no idea.


PRG has published a "voluntary anouncement" when the could keep their own milestone for the mining aquisition, 5 days before the end of the deadline.

25/03/2024 20:52 02489 PERSISTENCE RES
Announcements and Notices - [Other - Business Update]


6 Days after the new deadline and there is no info from PRG about the new mining mining aquisition. Just great! 

The volume picked up from an average of 400K to 1 - 1,5 million in the last days. Gold is still strong. Q2 (half year) should be published from PRG till 15.08 and MJS should follow shortly after.

Still, a lot of "shoulds" and PRG(MJS still manages to not deliver. 100 Million cash, likley 20 Million net profit with this goldprice in 2024, excellent prospects for the years following. all fundamentals are like a Shareholder Birthdayparty and then old weird uncle MGM shows up drunk and manages to fall into the cake and burns the house down.

It should be the easiest job in the world and still MGM manages to underdeliver persistently. What a what a f##king dissaster. What a clowngang

good luck everybody
Richard

Comment by Santa12 on Aug 06, 2024 10:05am
The 100 million will be used to purchase a new mine for Mr. Fang Zong Kong. He and his company are the only ones who receive a dividend.
Comment by richard45161 on Aug 06, 2024 10:24am
Is this ignorance, stupidity or just planned misinformation?  The mine asset is owned as an joint venture and fan Kong with his company dahedong is owning 25% percent and receive a dividend based on that. The other 75% go to subsidiary company's of MJS as the mother, were MJS is owning either owning 100% or the majority.  Is has nothing to do with the problem we have with MJS or ...more  
Comment by auburn2 on Aug 06, 2024 11:49am
Richard, is it fair to say you hold more shares than the entire board of directors?
Comment by richard45161 on Aug 06, 2024 12:05pm
i can recommend:https://simplywall.st/stocks/ca/materials/tsxv-mjs/majestic-gold-shares/information  for all informations - valuations, ownership, insider trade...its all there i think almost everybody who invested in the last 3 years has more than the MGM. The reason why they werent buying, quote from J clown mackie "restrictions during IPO" best richard
Comment by Freddy1989Germa on Aug 07, 2024 5:15am
Well, it will be interesting to see when the Executive Board starts buying its own shares or buying them through straw men. 
Comment by auburn2 on Aug 07, 2024 10:40am
Why buy through 'straw men'? It's embarrassing when they hold 0.03% of the shares outstanding, no? I just listened to this investor update from Magna Mining (https://www.youtube.com/watch?v=O_mb7fJnZ9E) and he says management and board own 10% and Dundee sitting on their board holds 20%, and all the executives and directors are shareholders, with the Chairman having a large position ...more  
Comment by Freddy1989Germa on Aug 06, 2024 10:43am
Well, some people are cheering Majestic Gold to the skies here, even though the IR performance is terrible   no analyst writes about the company and the IR always promises and never delivers