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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. > All doubts eliminated
View:
Post by Nklogix on Aug 29, 2024 2:40pm

All doubts eliminated

HKEX listing check
Cash position check
Debt eliminated check
Dividend issued check

9 months and the baby is our :) ....Not bad for small mining company
 
Told everyone that cash can't be kept on balance forever it has to come off one way or another.  Today is the start of that process...
 
Next will be an actual buyback, then we get the homerun i have been saying since last year.  Here we come 20 cents


Comment by richard45161 on Aug 30, 2024 3:58am
interesting points in my opinion:     1. dividend - admittedly small 0,007CAD (0,0047€) but finally the proof that the company is starting to share the profits with its shareholders. For me, this is an extremely important step and outweighs the disadvantages of expensive German taxation. It brings certainty that the investment will pay off. The costs are relatively low for the ...more  
Comment by 22882288 on Aug 30, 2024 9:50pm
1. dividend - admittedly small 0,007CAD (0,0047€) but finally the proof that the company is starting to share the profits with its shareholders. For me, this is an extremely important step and outweighs the disadvantages of expensive German taxation. It brings certainty that the investment will pay off. The costs are relatively low for the company at around US$ 6 million. The effect on the share ...more  
Comment by richard45161 on Aug 31, 2024 3:21am
Thank you, appreciate it! I learn a lot from your remarks Best Richard 
Comment by 22882288 on Aug 30, 2024 9:23pm
Very nice summary! Despite the frequent delays by management, they have delivered which is quite remarkable considering most other mining management teams fail entirely.