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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. > Next move...
View:
Post by Nklogix on Nov 04, 2024 9:54am

Next move...

There seems to be only 1 antidote for the lagging share price; buyback period full stop.  Split the 7-8 million dividend half and half for buyback and dividend.
 
This is going to be only way share price can get to some fair value.


Comment by Armitage45 on Nov 04, 2024 12:10pm
So now buybacks have to fix this, not the market, but buybacks. And what about the "pretty smart people" at GS, did they buy because they were hoping for buybacks? What about the "weak hands", why the hands are getting weaker and weaker? What about this "tree shaking"? All leaves are on the ground now? So now it's the buybacks, I'm curious what explanation ...more  
Comment by Value2020 on Nov 05, 2024 7:10am
Buyback causes a constant bid and trades also means less shares to go around.  In a nutshell, there is an ever present buyer so hopefully people like you who have bought at a much price can get out!!! NK is only suggesting an escape for you.... and if happens good riddance