Majestic Gold Corp. V.MJS

Hong Kong v. China

[auburn2]

https://www.aastocks.com/en/stocks/market/ah.aspx

Shows the sharp discount of Hong Kong shares vs identical listings in China. That's because of China's capital controls. Consequently, I'd assign a sharp discount to the cash held in China. Latest financials: "$59,214,932 is held in China"

Taking out that, we see US$33 million in Hong Kong and US$11 million in Canada. Liabilities on the B/S are US$33 million. So US$11 million of net cash when excluding the sum in China. That works out to C$15 million.

Another US$15 million for the China portion after multiplying it by 25%. That's about C$20 million.

The presentation cites the gross cash position without subtracting liabilities and without breaking down where the cash is held, but presentations are marketing documents trying to flaunt the company in the best possible light.

[ppp]

For now the Market agrees with you, or the price would be triple.  But most of that debt is Short term. you need to subtract short term assets. IMO the long term shouldn't be included as it is taxes and reclamation and are in the future. And from what you are saying they have no future in China. I tend to look at things different. I see these guys in the present. No one discounts all

[rbg3006]

Answer from ChatGPT: It is generally easier to transfer profits from China to Hong Kong compared to other countries like Canada. Several factors contribute to this: 1. Closer Economic Ties Hong Kong operates under a "One Country, Two Systems" framework, which allows it to have a separate economic and legal system from mainland China, despite being part of China. This special