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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. > Shareholder Turnover
View:
Post by 22882288 on Aug 21, 2024 2:15am

Shareholder Turnover

There has been a lot of FUD (fear, uncertainty, and doubt) posted on this message board of late and it is quite unfortunate that some investors who make investment decisions from such noise fall prey to these tactics. Been around the block several times to be able to notice it. It is quite disgusting what some people do to promote an agenda and/or make a buck. I suspose they justify themselves by arguing that it is technically legal, without concerns about morality which is pitiful. I do not have the time to frequently forewarn the unassuming investor of such questionable persons/entities and I hate to even waste time on such vile characters. At the end of the day it is up to everyone to do your own due diligence. 

For disclosure, I have been an active buyer at these lower price levels as weaker hands have turned over and I now have an even larger weighting in MJS. My cash position has also been growing as I think gold and gold stocks will probably pull back significantly over the next couple of months so I have been taking profits in other gold producers.
Comment by richard45161 on Aug 21, 2024 6:19am
agree, auburn and freddy have statet that they dont have shares in this company - so why so active here? And in my opinion with contributions that bring no value what so ever.  I am heavily invested and was crazy enough to buy even more. What is remarkable, that with great fundamentals and an ever rising gold price, trust in the company/MGM is as low as ever which displays in the ...more  
Comment by 22882288 on Aug 21, 2024 11:17am
- MGM still has not reported on the progress (Deadline 31.08.24) for the new mining aquisation My guess is that their offer got rejected with the rapid rise of gold prices affecting valuation. Management should simply state that the acquisition target is off rather than stringing us along. - MGMstill has not communicated how MJS future will look like? They dont have any business any more. They ...more  
Comment by auburn2 on Aug 21, 2024 5:34pm
"MJS should be trading closer to $0.16 to be equivalent." Never will happen in Canada. Show me one case where a Chinese asset gets that much respect on the TSX or TSX-V. That's why it's imperative MGMT returns value to shareholders without relying on the Canadian herd to bid up the share price. Have YOU talked to MGMT about doing something for shareholders? If so, what was said?
Comment by Freddy1989Germa on Aug 22, 2024 12:33pm
I think you mean me as well - I have 0 shares   but I'm not rushing against the company and I don't want to unsettle others    I find such comments disgusting from people who don't understand when some people want to warn.   The fact is that the IR department has so far only ever made promises and that until a few months ago the presentation was over 2 ...more