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

Alternate Symbol(s): MJGCF

Metals & Mining Gold

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. > What am I missing??

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Post by ppp on Sep 03, 2024 11:17am

What am I missing??

Company is trading for less than cash??

Bought a bunch this morning.

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Comment by auburn2 on Sep 03, 2024 11:24am

Read closely this thread: https://www.bogleheads.org/forum/viewtopic.php?t=410453

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Comment by auburn2 on Sep 03, 2024 11:50am

Also ask yourself why the directors except Kenwood hold 0 shares. Kenwood under 300K shares despite being CEO since 2013.

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Comment by ppp on Sep 04, 2024 8:58am

Yes the lack of insider buying is a negative. IMO the country risk is no greater in China than in Africa SA ect. Yet this trades at absurdly low multiples.

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