Majestic Gold Corp (MJS)

Concerned Shareholder of Majestic Gold Corp. Files Advance Notice of Nomination of Directors and Clarifies the Company's Omission in Its Press Releases Regarding the Private Placement and the InjunctionJune 26, 2026 7:07 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 26, 2026) - Mr. Fan Zhong Kong (the "Concerned Shareholder"), who holds approximately 12.79% of the issued and outstanding common shares of Majestic Gold Corp. (TSXV: MJS) (the "Company" or "Majestic Gold") announces today that he has filed an advance notice in accordance with Section 14.12 of the Company's Articles to nominate 6 directors for election at the upcoming annual general meeting of shareholders of the Company, which the Company has called for July 31, 2026 (the "Meeting").Management and Board's Actions of EntrenchmentIn the Concerned Shareholder's last press release dated June 2, 2026, the Concerned Shareholder urged the Company to withdraw the proposed non-brokered private placement at $0.13 per share for aggregate proceeds of up to $50,000,000.00 ("Non-brokered Private Placement"), and to refrain from taking actions that entrench management or that is out of the ordinary course of business until shareholders have had a chance to voice their opinions to the Board. The Concerned Shareholder saw, and still sees no valid basis for a highly dilutive financing at a price that values the Company significantly below cash value, and requisitioned an annual general meeting so that shareholders can candidly voice their opinions on the Board and the Company's direction.The Company did not respond to the Concerned Shareholders on a timely basis, and the TSXV could not share any information regarding their review of the Non-brokered Private Placement. As a result, the Concerned Shareholder was forced to file a petition in the Supreme Court of British Columbia, and to seek an interim injunction to stop the Non-brokered Private Placement until shareholders have a chance to weigh in on the decision.The Company opposed the petition and application for interim injunction, and then called an annual general meeting for July 31, 2026. Submissions were made by counsel for the Company and the Concerned Shareholder before Justice Loo, who ordered that the Non-brokered Private Placement be enjoined from completing until after the record date for notice and voting at the Meeting of June 29, 2026 (the "Record Date"). Effectively, shares to be issued pursuant to the Non-brokered Private Placement cannot be voted at the Meeting.Time for Change - Experienced Board Nominees to Drive Positive GrowthIn order to stop management from further entrenching themselves and taking further actions that erode shareholder value such as the Non-brokered Private Placement, the Concerned Shareholder has decided that the time has come to replace the incumbent Board. As the period between the Company's announcement date of the Meeting of June 15, 2026, and the actual date of Meeting of July 31, 2026, is less than 50 days, the Company's Articles require any shareholder who proposes to nominate directors for election under these reduced timelines to deliver advance notice of the nomination by the close of business on the 10th day after the public announcement date of the Meeting. The Concerned Shareholder has therefore assembled 6 nominees for election as directors at the Meeting and delivered the advance notice in compliance with the Articles. The 6 nominees are:Joanne Yan. Ms. Yan is the President of Joyco Consulting Services Inc.. Ms. Yan has over twenty-five years of experience advising, directing and managing publicly listed companies in North America, Europe and China, with respect to such matters as market access, business negotiations, project and company financing, strategic planning, business development, and governance and compliance. Ms. Yan has held extensive board and committee leadership roles at private companies and TSX/TSXV and NASDAQ-listed issuers, including Peak Discovery Capital Ltd. (TSXV), Electra Meccanica Vehicles Corp. (NASDAQ), Sunshine Oilsands Ltd. (HKEX), Yalian Steel Corporation (TSXV), Brazilian Gold Corp. (TSXV), Zongshen PEM Power Systems Inc. (TSX), Hanfeng Evergreen Inc. (TSX), New Pacific Metals Corp. (TSX), Golden China Resources Corporation (TSXV), and CPAC (Care) Holdings Ltd. (TSXV).Jie (Jeffrey) Liu. Mr. Liu is currently Executive Vice President of Gotion High-Tech Co., Ltd. and Gotion Argentina S.A., and the CEO of Susques Energy S.A. Through these roles, Mr. Liu leads and collaborates with an international team in China, US and Argentina to focus on developing the lithium resource in Argentina and Chile, and the Battery Energy Storage System business in the Americas. Mr. Liu also previously served as CEO of Lithium X Energy Corp., and as Vice President, Strategic Planning & Shareholder Relations of Procon Holdings Inc. (a major mining contractor in Canada). Mr. Liu has also served in various management roles in China, Canada and internationally with China CAMC Engineering Co., Ltd, a Chinese state-owned enterprise listed on the Shenzhen Stock Exchange.Dickson Hall. Mr. Hall is a senior executive specializing in strategy and international business, particularly as related to China where he has more than 40 years' experience. Mr. Hall is currently chair of New Pacific Metals Corp. (TSX and NYSE American). Mr. Hall was previously a partner at Valuestone Advisory Limited, sole manager of Valuestone Global Resources Fund I, a specialist mining fund backed by Jiangxi Copper Corporation, China Construction Bank and other Chinese institutional investors. From 2005 to 2016, Mr. Hall also directed corporate development efforts in Asia for Hunter Dickinson, a Canadian headquartered mining group which operates world-wide through a portfolio of publicly traded companies.Mao Sun. Mr. Sun is a CPA and is a partner at Mao & Ying LLP. Mr. Sun is also an independent director and chair of the Audit Committee at All In FutureTech Alliance Inc. (NASDAQ). Mr. Sun has also served as Chief Financial Officer of Nickel North Exploration Corp.(TSXV) since 2020. Mr. Sun was the lead independent director and Audit Committee chair of SouthGobi Resources Ltd. (TSX & HKEX) from 2015 to 2024, overseeing governance and financial accountability for a dual-listed mining company operating across multiple regulatory jurisdictions. Earlier in his board career, Mr. Sun served as a director and chair of the Audit Committee of Yalian Steel Corporation (TSXV) from 2012 to 2013, and as a director and member of the Audit Committee of Wildsky Resources Inc. (TSXV) from 2017 to February 2020.William Ying. Mr. Ying is currently a business consultant with Mindful Quest Counselling & Consulting Ltd.. Mr. Ying brings over 25 years of experience in capital markets, private equity, and venture capital, and specializes in enterprise risk management, corporate strategy, mergers and acquisitions, corporate governance, and succession planning. Mr. Ying also previously served as CEO of Benchmark Botanics Inc. (CSE). Earlier in his career, Mr. Ying worked as an investment advisor with various firms including Mackie Research Capital, where he focused on wealth management and capital market transactions. Xiang (George) Gao. Mr. Gao is CFO at Western Resources Corp. (TSX). Prior to joining Western Resources Corp., Mr. Gao was President of the Beijing Mining Exchange and was responsible for its overall strategy and operations. Mr. Gao has also worked as the Head of Business Development, Asia for the TSX before moving onto becoming the Chief Representative out of the TSX Beijing office. The Concerned Shareholder intends to file and mail a proxy circular (the "Dissident Circular") and a form of proxy shortly after the filing and mailing of the Company's management information and management's form of proxy. The Dissident Circular will provide further details on the 6 director nominees and the background and reasons why significant changes are needed.Additional InformationThe information contained in this press release does not and is not meant to constitute a solicitation of a proxy within the meaning of applicable securities laws. Although the Concerned Shareholder is expressing his view as to the need to elect his nominees and replace the incumbent Board, the Record Date is still pending, and no meeting materials have been filed or mailed. In connection with the Meeting, the Concerned Shareholder will file the Dissident Circular in due course in compliance with applicable corporate and securities laws.For further information, please contact the Concerned Shareholder's information agent:
Laurel Hill Advisory Group
Call: 1-877-452-7184 (toll-free in Canada and the United States) or 1-416-304-0211 (outside of Canada and the United States)
Text: Text "INFO" to either number above
Email: assistance@laurelhill.com.Forward-Looking InformationThis news release contains forward-looking information within the meaning of securities laws. In general, forward-looking information refers to disclosure regarding possible conditions, events, or financial performance that is based on future economic conditions and courses of action, and includes disclosure that is presented as a forecast, plan or projection. More particularly and without limitation, this news release includes information about the intention of the Concerned Shareholder to file a Dissident Circular and form of proxy. Forward-looking information is based on certain key expectations, risks and assumptions made by the Concerned Shareholder regarding the Meeting and the preparation of the Dissident Circular and form of proxy, and the anticipated subsequent organization of the Concerned Shareholder's proxy solicitation, which the Concerned Shareholder believes to be reasonable and accurate. By its nature, forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations in this news release. Readers are cautioned not to place undue reliance on forward-looking information, which is given as of the date of this news release. The Concerned Shareholder undertakes no obligation to update publicly or revise any forward looking information, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303172 Original: Concerned Shareholder of Majestic Gold Corp. Files Advance Notice of Nomination of Directors and Clarifies the Company's Omission in Its Press Releases Regarding the Private Placement and the Injunction

Concerned Shareholder of Majestic Gold Corp. Outlines Objection to Proposed Non-Brokered Private Placement and Requisitions Shareholder MeetingJune 2, 2026 4:30 PM
NewsfileMajestic Gold is Trading at a Substantial Discount to the Cash and Cash Equivalents on its Balance SheetMajestic Gold has Ample Cash and No Immediate Need for FinancingThe Non-Brokered Private Placement is Highly Dilutive to Shareholders and May Materially Affect Control of Majestic GoldThe Board of Directors is due for Re-election, and the Upcoming Annual General Meeting will Allow Shareholders to Voice their Concerns and Exercise Shareholder RightsThe Concerned Shareholder Has Requisitioned the Annual General Meeting, and Majestic Gold is Urged to Refrain from Taking Actions that Entrench Management or that is Out of the Ordinary Course of Business Until the Meeting has been Held, and There is a Renewed Mandate from ShareholdersVancouver, British Columbia--(Newsfile Corp. - June 2, 2026) - Mr. Fan Zhong Kong, who holds approximately 12.79% of the issued and outstanding common shares of Majestic Gold Corp. (TSXV: MJS) (the "Company" or "Majestic Gold") hereby sets out his concerns with and objection to the proposed non-brokered private placement by the Company for gross proceeds of up to CAD$50,000,000 through the issuance of up to 384,615,385 common shares of the Company at a price of CAD$0.13 per share (the "Non-brokered Private Placement").Based on the Company's latest financial statements, as at March 31, 2026, the Company had cash and cash equivalents of US$171,631,786 of which US$11,414,066 was held in Canada, US$68,949,824 was held in Hong Kong, and the remaining balance of US$91,267,896 was held in China.Based on the CAD$0.15 closing price of the Company's common shares and the Bank of Canada exchange rate on May 20, 2026, the last trading day before the announcement of the Non-brokered Private Placement, and the Company's issued and outstanding 1,042,664,381 common shares, the Company's market capitalization was CAD$156,399,657.15 (or ~US$113,733,830). The private placement issue price of CAD$0.13 per share values the Company at a further reduced market capitalization of CAD$135,546,369 (or ~US$98,569,320) as at the close of the trading day on May 20, 2026 based on the Bank of Canada exchange rate.The private placement issue price of CAD$0.13 values the Company's market capitalization at only 57% of the cash and cash equivalents on its balance sheet as at March 31, 2026. The Company's cash balance would have only increased since then. Investors in the Non-brokered Private Placement are essentially paying CAD$0.57 to buy $1.00 of cash, and paying nil for the Company's profitable and producing gold mines.Despite a record bull market for gold prices over the past two years, the Company's share price has languished. The Company has a profitable business, yet management has failed to convince the market of the Company's value, and shareholders have suffered as a result.The Company has ample cash to sustain operations, carry out its existing capital programs, and pursue new business opportunities. The Non-brokered Private Placement would also increase the Company's issued and outstanding capital by up to 36.9%. Given the depressed share price and the ample cash, there is no need to raise capital at all. Yet the Company has chosen to undertake a highly dilutive financing at a discount to market price on a non-brokered basis to unknown select investors. If completed, the Non-brokered Private Placement could materially affect control of the Company and entrench current management. The Company last held its AGM on June 26, 2025. The mandate of the current board is expiring as it is due to hold its next annual general meeting. As the Company has yet to call the annual general meeting, Mr. Kong has requisitioned the Company to proceed immediately to call the meeting. Mr. Kong urges the Company to withdraw the Non-brokered Private Placement, and to refrain from taking actions that entrench management or that is out of the ordinary course of business. The Company must hold its annual general meeting, and shareholders must have an opportunity to voice their opinions on the board. For further information, please contact James Chen at 778-397-6888.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299863 Original: Concerned Shareholder of Majestic Gold Corp. Outlines Objection to Proposed Non-Brokered Private Placement and Requisitions Shareholder Meeting

STINKEN---THINKEN I THOUGHT THEY WOULD BE IN THE BLACK
KENJAYS

Kenjays:

1300% in 2 months to 8 months? Not gonna happen. Double or triple in 2 months to 8 months. Likely, imo.

Cheers!

MISTER B

Give this dummy an idea what that meanes as far as price per share. Do you see 3.00 a share by mid year or at least by the end of year or am i way off???

thanks kenjays

Q1 Released - great results:

...and they are very positive - at the high range of my $6.2-$6.7 revenue estimate.

Revenue 6.7M
Operating profit of 1.3m (I believe this is the first quarter with Operating profit
Cash down 6M (which was a question before, but we now see why - which was assumed)
Mill ownership up to $20m from $12M - Great to have this being paid back and being added to MJS's Balance sheet, increasing it's NAV
Inventory at $3.5m (unsold gold concentrate)
Year over year Operating profit swing of $2.2M
Net loss - $250k - so with this, I believe Majestic will be profitable next quarter.

Just a high-level synopsis. Overall, these exceeded my expectations. I just hope management has the ability to properly and effectively market and promote this to the greater investment community.

A PR via a proper newswire better be forthcoming, and with these results, I see no reason why it wouldn't be coming next week...

Majestic is on a great trajectory and i am pretty excited to see what type of gold production we have for this current Q2 quarter ending today. Things are getting exciting in MJS land.



B

Next Two Weeks:

Love the consolidation in the .23 - .25 range this week after a 60% increase. Looking at an interesting two weeks coming up:

-Q1 Financial statements due in the next two weeks with Revenue $6.5M+, give or take (converted to IFRS reporting standards).

-Represented by Quam March 11 for two weeks during the Hong Kong show and Singapore show, to do site visits and introduce high value investors to Majestic. From the PR, if they bring in some high-net worth money from other countries than mainland China into the current market or into Majestic directly - nice impact to the share price:

"Quam IR has an extensive network in Asia, with a strategic presence and affiliations in countries like Japan, Thailand, Dubai and the People's Republic of China. In addition to having access to international markets, Quam IR provides both on-line and off-line services such as on-line IR platforms, interviews, stock quotes, news flash reports, electronic communications to investors, and trade show events to companies to effectively distribute news and updates with considerable impact. In terms of its distribution channels, Quam IR has an impressive wide range of regional financial media channels, websites and institutional access to Bloomberg, Reuters Xtra and Thomason ONE, which enables its news to reach up to 3,500 websites in 70 countries."

"Quam IR will be visiting the company's Song Jiagou project and arranging meetings with media, analysts and potential investors in Hong Kong, coinciding with Mines & Money 2012."

-if news is released during the HK show, I am sure it would be disseminated accross their (Quam's) network.

-Speaking at the Canadian Chamber of Commerce in Hong Kong March 19th

-Feature Company at Hong Kong Mining Show Monday, March 19, 2012

-Feature Company and speaking at the Singapore Mining show March 26, 2012

-Shareholder update or something would be nice to see or monthly production updates or idea of ramp up time to 100,000 oz would be nice... Anything that would be released prior or at the show could have some decent impact.

All in all, an exciting two weeks, especially knowing the impact PDAC had on the stock and the seemingly positive reception and attention the company received...

Then, two more months til Q2, which should show nice growth over Q1. All good things...

Looking forward to it all...

B

The 2012 Mining and Resources Investment Forum Presents:


Majestic Gold Corp.

Majestic Gold Corp. is a Vancouver-­-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and development company operating in the Shandong province of China.The company has a NI-­-43-­-101 compliant 3.0 million ounces (85,048,569 grams) delineated gold resource on its 100%-­-owned Song Jiagou project. The 2011 Preliminary Economic Assessment on the project indicates the potential for very positive economics; highlights include a project NPV US$525 million (at 10% discount rate and US$973/oz gold price), an NPV US$975 million (at 10% discount rate and gold price of US$1,500) and an IRR 78.9%. With the completion of the additional new 6,000 tonnes per day mill Majestic Gold is now generating positive cash flow in China from its operating activities and is rapidly increasing production.

http://ccchkminingresources.posterous.com/?page=2

Good Times...

That's all - just good times... :D

B

Well.......
I do believe mjs is going to make us some $$$$$$


BEST OF LUCK
KENJAYS

Gold Production Update:

VANCOUVER, BRITISH COLUMBIA--(Marketwire -02/24/12)- Majestic Gold Corp. (the "Company") (TSX-V: MJS.V - News)(Frankfurt: P5E) is pleased to announce quarterly gold production results of its Chinese subsidiary, Yantai Zhongjia Mining Company Limited ("Zhongjia") at the Song Jiagou property for the past five fiscal quarters beginning October 1, 2010 and ending December 31, 2011.
The following table highlights information relating to the operations at the Song Jiagou project:


---------------------------------------------------------------------------
Quarter
Quarter Ended Total Ended
---------------------------------------------------------------------------
31-Dec-10 31-Mar-11 30-Jun-11 30-Sep-11 FY 2011 31-Dec-11
---------------------------------------------------------------------------
Milled (t) 116,584 118,488 284,131 454,183 973,386 397,739
---------------------------------------------------------------------------
Head grade
(g/t) 0.364 0.262 0.309 0.277 0.295 0.330
---------------------------------------------------------------------------
Effective grade
(g/t) 0.368 0.338 0.279 0.387 0.347 0.427
---------------------------------------------------------------------------
Concentrate
produced (t) 1,255 1,084 2,693 6,653 11,685 6,009
---------------------------------------------------------------------------
Gold in
concentrate
(kg) 37.14 34.13 65.13 153.58 289.99 150.35
---------------------------------------------------------------------------
Gold for Sale
(kg) 34.54 31.75 60.57 142.83 269.69 139.83
---------------------------------------------------------------------------
Gold for Sale
(oz) 1,111 1,021 1,947 4,592 8,671 4,496
---------------------------------------------------------------------------
Gold Sold (kg) 37.65 28.35 58.88 105.22 230.10 120.10
---------------------------------------------------------------------------
Gold Sold (oz) 1,211 912 1,893 3,383 7,398 3,861
---------------------------------------------------------------------------

Notes:


-- Increase in tonnes milled between the quarter ended 31-Mar-11 and the
quarters ended 30-Jun-11 and 30-Sep-11 was a result of the commissioning
of the new 6,000 tpd mill in May 2011. This mill was operated at various
levels to properly test and fine-tune its operation through to the end
of June.

-- Effective grade is the net real grade or the mill through-put and is
calculated by taking the sum of gold in concentrate plus gold lost to
tails and dividing by tonnes milled. This grade has been significantly
higher than the assayed values of the head grade. It is believed to be a
result of a significant free-gold component in the rock, which results
in the nugget-effect on samples. The Company is looking to implement
more detailed head grade sampling and assay procedures in an effort to
reduce this error. (There is a good chance this error also occurs in the
drill holes, as it is very hard to get representative holes).

-- The slight decline in tonnes milled for the period ended 31-Dec-2011 is
a result of the mill being shut down for maintenance for 7 days in
October 2011.

-- Total mill throughput averaged 4,925 tpd for the six months ended 31-
Dec-11 or approximately 66.5% of total capacity.

-- Gold production results were in line with the block model estimates and
schedule provided by Wardrop in the Preliminary Assessment Technical
Report ("PEA Report") released January 20, 2011. The Company is
currently producing from areas considered to be waste in the PEA Report
but given the price of gold and the contract mining agreement it has
been determined that this material can be mined and generate positive
cash flows. Once this material has been removed and either milled or
stockpiled, the Company will commence mining the higher-grade material
situated below it. During the calendar year ended December 31, 2011, the
Company was processed all of the material that was mined from the pit.
This was due to the lack of land where waste or low-grade material could
be stockpiled. Recently, the Company secured an area to dump waste and
low-grade material and plans are being initiated to increase the total
tonnes removed from the pit. Majestic will continue to process the low-
grade material to generate cash flows but expects to see a slow and
steady increase in throughput and grade.

The geological and technical information contained in this news release has been reviewed and approved by Mike Hibbitts, P.Geo., who is a qualified person under the definitions established by National Instrument 43-101.
On Behalf of the Board of Directors
MAJESTIC GOLD CORP.
Rod Husband, P.Geo, President

Q1 Revenue forecast: $6.5M - $9M


Nice Revenue Trajectory over the last 3 quarters and this upcoming quarter:

Q2: $1.6 million

Q3: $2.6M

Q4: $5.6M

Q1 FY2012 (forecast): $6.6M - $9M

From the Feb 2012 presentation, 4152 oz of gold were produced. (4152 oz * $1600/oz = $6.6M), plus the possibility of realizing $2.4M from unsold concentrate and stockpile as per FY2011
results. Looking to double production over last year at current rates (without the imminent increase to 7400tpd).

Nice trajectory.. now, they need to increase the head-grade, production tonnage, and reduce their expenditures on items like travel and G&A. Then they are flying, but for now, great progress.

...and exposure exposure exposure...marketing marketing marketing PR PR PR.

Q Revenue was almost $6M ($5.55).
--------------
Just a brief review of FY2011 audited financials released tonight:

Annual Revenue: $11.2M. Doubled Revenue Quarter over Quarter, and year over year.
Q Revenue was almost $6M ($5.55).
Cash on hand was $14M at FY2011 end.

Revenue for first 9 months: $5.65M, as per below, so Q4 revenue was $5.55M.
Operating Revenue Q3: 2,537 Q2: 1,217 Q1: 1,900

Net loss is $10M, $5.5 of which is stock based compensation, 900k is write down of Sawayardun - which could/should still be paid to them. Overall, I am pleased as rev was over $5M...

They have cleaned up the balance sheet to allow for a very positive FY 2012, in my view.

Also, stockpiles of $2.6M carried over into 2012... we may we see this in Q1...

Q1 due out by the EO February should be very interesting...

Q4 Financials due out tomorrow:

Majestic is starting to get busy with some quarterlies and conferences. It'll be interesting to see how Majestic fairs over the next two months - at which time I'll be reviewing their progress. So far, publicity gets an F-.


Jan 22-23, Majestic's management will be at the Vancouver Cambridge show (they do not have a booth, but will be there, presumably to attend meetings with other participants)
Jan 31: FY Financials out ($4 - $5M Revenue is my guesstimate)
Feb: Should have website updates with pics, video and text (SHOULD!)
Feb 28th: Q1 financials due out (Above $5M Revenue is my guestimate)
March 4-7: PDAC Toronto..They should be there but not sure if they are going to be as I don't see them as an exibitor. They were there last year. Hopefullly they'll be there this year.
March 19th: Mines and Money show in Hong Kong
March 28th: ASIA Mining Congress show, Singapore - the "spotlight" gold company

2012 Majestic Gold Expectations

Well, 2011 was a punishing year for the TSXV and Jr Mining stocks as a whole. The TSXV index was down from a high of over 2400 to less than 1400 in 2011 (almost 50% from its high), and most Jr. Mining stocks suffered immensely. If you preserved your capital in 2011, then you did pretty darn well because most stocks were heavily punished. Majestic was down 5% over the year, so not too bad in a year of turmoil, so all things considered, I am ok with Majestic as we head into (what will be) a way better year for Jr. Mining companies.

in 2011, Majestic laid the groundwork for a great 2012. They:
-Completed their scoping study and released it in January
-Completed the construction of the new 6000 TPD mill ahead of schedule (April vs. May)
-Started year 1 by commencing the commissioning of the mill
-Raised enough capital to see them through to full production
-Started seeking ways to list on the Hong Kong exchange

That said, they failed miserably in keeping general shareholders informed unless you called them. Shareholders certainly deserved better insofar as communication, but, I am told that 2012 promises to be better from a communication and promotion perspective.

In my view, the next 5 months will be fun as we'll see Q4 and FYE2011, Q1 and Q2 of FY2012 results by May 30th. Following are some updates that I was able to get from the company recently, as Majestic is focused on a few major priorities:

-Looking at means of listing on the Hong Kong exchange - whether a merger with a currently listed company or perhaps a reverse takeover of a shell. This strategy is used all the time to get US listings (experienced it many times in multiple US markets).
-Mining the lower grade halo surrounding the higher grade zone in preparation for increased production resulting from receipt of the mining license increase.
-Tonnage processed will remain the same while proper controls are implemented (auditing, etc), as the:
--Producers have very strict rules/audit requirements (Is it taking Majestic longer than anticipated to align with Producer Regulations?)
--Permitting, mine plan, etc, still coming along, slowly due to regulations and requirements to become a production company
--7400 TPD now scheduled for mid-2012, but as the lower grade halo is processed, the higher grade zones will start to be mined thereby increasing grade processed through the mill. Ultimate result will be increased Gold production going forward.

So, Majestic seems to be humming along at the mine site. Too bad management is to ignorant to keep the general investment community aware and informed not only of their plan and strategy, but also their progress to date. I expect we should see that with their financials at the end of the month, but I've expected these types of normal disclosure before of this management team, only to hear crickets...
Happy New Year folks... glad to have 2011 behind me as an investor, and I really look forward to 2012.
Cheers,
B

New Website, New Presentation:

http://www.majesticgold.net/presentations.php

600,000 oz Potential - not new resources...

This is based on known gold occurrences at depth, and along strike that are yet to be fully explored. So, it is potential for increasing resources, but not quantified or qualified. That is according to what I am hearing from the german conference.

Also, it looks like the company will be releasing a new website (finally) in the short term with updated pics, video's and content. About time.

November - forward - should see Majestic start to push the stock and get the articles out that they worked on in the summer - and that they documented in that email blast at the end of May. Now that they are 6 months into the commissioning process, they are in a much better position to get news out based on progress to date, and plans for the future.

I guess we'll see, but it would be great to get the exposure in the US - and that was what the Business Day TV video was about.


May 24th, 2011
Majestic Gold Corp. Media Update
TSX - MJS / FSE - A0BK1D
Please Come visit us at the Cambridge House World Resource Investment Conference at the Vancouver Convention Center East, booth # 1019, June 5th & 6th, 2011.

Majestic Gold Mill Opening

On May 24th, 2011, Majestic Gold Corp. welcomed investors, newsletter writers, journalists, financiers as well as Chinese officials to our grand opening at our Song Jiagou property in Shandong Province of China. This event marked the commencement of our exciting transition into a large scale producer. Please refer to our previous News Release for further details regarding the commissioning stage.

http://www.majesticgold.net/pdf/news/current/nr20110504.pdf
Newsletter Writers

Jay Taylor, Gold & Technology Stocks - "Face the Analyst"
http://www.miningstocks.com/

Jay Taylor, host of Face the Analyst interviews Rod Husband, CEO of Majestic Gold Corp. Video Release conducted by Investment Pitch . Distribution for both of these videos includes the world-wide Thomson Reuters Video Platform and news release coverage in 5 languages.


Al Korelin's Economic Report
http://www.kereport.com/

Future Video segment on Majestic Gold Corp. Camera crew presently on site.


Goldletter International by Marino G. Pietrese
http://www.goldletterint.com/

Mr. Pietrese will be releasing another research report within the year. Please refer to our Company Research Report available on his site

A.) Majestic Gold Company Report:
http://www.goldletterint.com/documents/pdf/MAJESTICGOLD_GLSP_May2011.pdf

B.) Special Report on China & Mining:
http://www.goldletterint.com/documents/pdf/CHINA_GoldReport_May2011Update.pdf


Broadcast Media

Business Day Television with host Terry Bradshaw
http://www.businessdaytv.com/

Business Day Television with host Terry Bradshaw is conducting a segment on the mining industry with Majestic Gold Corp. as one of it's feature company. The segment will be distributed across Canada & the US with national & local airings. A news release will be distributed with the show times.


Print Media

The Asia Miner
Please also refer to their previous article about us ( may/ june 2011 Edition within the "China" section)
http://www.asiaminer.com/magazine/images/stories/pdf/TAM-May-June-2011.pdf

The Northern Miner
Alisha Hiyate, Editor of Mining Markets & Diamonds in Canada is presently on site and will be covering an article on us.

Resource World - July Edition

The Economic Observer - Interview with Rod Husband

The South China Morning Post ( Hong Kong Newspaper)

Research & Previous News Releases

Vicarage Research Report
http://www.majesticgold.net/pdf/media/Majestic-Gold-14032011.pdf

Corporate Update
http://www.majesticgold.net/pdf/news/current/nr20110311.pdf

Preliminary Assessment
http://www.majesticgold.net/pdf/news/current/nr20110121.pdf


Tel: +1 (604) 681-4653
Toll Free: +1 (866) 282-8398
Fax: +1 (604) 568-4902
Email: investors@majesticgold.net

600 more Oz of Gold? News next week?

This is from Majestic's PDF that is posted on the Munich conference site. We must be in for some news this upcoming week in advance of the conference. Enough is enough with keeping investors in the dark now that the DD period is over as of Tuesday (Nov 1):
http://www.edelmetallmesse.com/upload/datenblatt//datenblatt_213.pdf
Majestic Gold Corp., traded on the TSX Venture Exchange (Symbol: MJS) and on the Frankfurt Stock Exchange (A0BK1D), is a junior gold producer with a significant La-
gerstätte of more than 3 million ounces of gold in China's Gold Belt of Shandong Province.The company has published in January 2011, one independent economic study in which the Company is an NPV of U.S. $ 525 million confirmed. The mine life is 22 years. In the first eightyears, an average gold output is forecast to nearly 150,000 ounces per year over the entiremine life of more than 100,000 ounces per year. The following calculation is based on a gold price of U.S. $ 973/Unze, at a 10% discount rate term and an IRR of 78.9 percent.
Highlights:
• Gold production of almost 150,000 ounces per year is planned for the first eight years • Noteon the Stock Exchange Hong Kong within the next 12 months
• Low production costs (U.S. $321/Unze)
• Growth potential through further the existing deposit
• Other adjacent areas below the existing deposit 600,000 ounces
• Excellent entry level through massive undervaluation


Management (excerpt)

Rod Husband, P. Geo, is CEO for over 20 years in the commodities business and has over 15 years in the management of listed resource companies operate. Majestic Gold for he has discovered and implemented these first deposit from exploration to production.
Mike Hibbitts - P. Geo, Director - VP Development and Exploration has more than 30 years experience in the ex-ploration, implementation and development of mines to production. To date he has acted upon the construction of sixteen mines-account, including the New Gold Inc., Northgate Ex-ploration Ltd., Royal Oak Mines and Noranda Mines.
Rudy Brauer - Director Has over 20 years of experience in international corporate finance and investment banking.


-------------
B

please do post

I will attempt to post a chart in the InBox

stay in looks that it make take some momentum

Low Revenue:

Shame on me for forecasting revenues that assume that the run rate was continuous at 3000 tpd, and that the grade was on par with other quarters. $2.5M in Revenue for the Q, while comissioning the new mill for two months isn't what I was expecting. They obviously didn't stockpile ore according to the mining plan (that was/is WIP).

I'll have been invested in majestic for two years come November, and my timeline was two years. I'll wait until the end of Feb 2012 to review where they are and what to do with my investment, because I want to see 1) a takeover, 2) Q4 and 3) Q1 when the new mill should be up and running to capacity. It does seem quite coincidental that there continues to be demand for the stock without the push that raises the price... is someone in accumulation mode?

Majestic closes $10-million, $2.8-million financings
===========================
Below is from stockwatch this morning.


Next week they report their third Q results - the first of which with their new mill in operation (only 2 of 3 months in the Q). I would expect they also provide an update (but then again, I expected that at the AGM). I do like the fact the loan can not be converted prior to Dec, and Majestic should show some decent revenue growth (400%) with the Quarterly release next week.

It would be nice to see an update on the Chinese environmental and engineering study, which is the pre-requisite to the license increase to 7400 TPD, rather than the 3000 or so TPD they are processing now.

B

=========================================================================

Majestic closes $10-million, $2.8-million financings

2011-08-26 06:17 ET - News Release

Mr. Rod Husband reports

MAJESTIC COMPLETES $10,000,000 LOAN FINANCING AND $2,800,000 EQUITYFINANCING

Majestic Gold Corp. has completed the convertible loan and equity financings announced in its newsrelease of July 26, 2011. The company derived gross proceeds of $10-million from the loan financingand issued 14 million shares at the price of 20 cents per share to derive gross proceeds of $2.8-million fromthe equity financing. No warrants were included in either financing.

In accordance with the loan agreement, loan proceeds of $9-million have been advanced by the companyto finance its Song Jiagou gold project in China. The company has paid cash finders' fees equal to 2.5 per cent ofthe gross proceeds from the loan financing and 10 per cent of the gross proceeds from the equity financing. Thebalance of the proceeds from the financings will be used for the Song Jiagou project and for generalworking capital purposes.

All shares issuable pursuant to the conversion of loan principal or interest will be subject to resalerestrictions until Dec. 11, 2011. All shares issued pursuant to the private placement will be subjectto resale restrictions until Dec. 16, 2011.

Good work, Mr. B; I will start posting again, soon.

Majestic Gold Corp. Joins OTCQX

Related Quotes
Symbol Price Change
MJGCF.PK 0.2037 0.00
Chart for MAJESTIC GOLD CORP
Follow these stocks
{"s" : "mjgcf.pk,mjs.v,otcm.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: OTC Markets Group Inc. On Tuesday August 23, 2011, 7:00 am EDT

NEW YORK, Aug. 23, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Majestic Gold Corp. (OTCQX: MJGCF; TSX.V: MJS), a Canadian mining company, is now trading on the highest tier of the OTC market, OTCQX®.

(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )

Majestic Gold began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

"The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Majestic Gold to OTCQX."

McDowell Odom LLP (www.mcdowellodom.com) will serve as Majestic Gold's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Majestic Gold Corp.

Majestic Gold Corp. (OTCQX: MJGCF; TSX.V: MJS) trades in the United States on OTCQX under the symbol "MJGCF." Majestic Gold is currently in the commissioning stage of its flag ship property in China and currently is mining gold at a rate of 3000 tonnes per day. Based on a recent independent preliminary assessment report Majestic Gold's flag ship property is valued at US$ 525 Million using a 10% discount rate. Over the life of the mine production is expected to reach a total of 2.3 Million ounces of gold with an average of 105,000 ounces per year. With revenues of over $5 million for 2010 alone the Company is poised to continue to meet or exceed its production targets. For more information, please visit: www.majesticgold.net.

About OTC Markets Group Inc.

That new mill looks pretty good - and it's been in operation since April 27th of this year. Looking forward to the Q Results due out at the end of the month...

I am expecting (conservatively) $6 - $7M as they were commissioning the mill in 2 of the 3 months in the Q, at 3000 tpd.

Assume 660 oz per month for the first month (which the CEO said was their average per month in the Nov 2010 interview), then triple that, per month, for the two months the mill was being commissioned (TPD went from 1000 tpd to approx to 3000 for the last two months.

Assuming grade remained constant (which is still low for them) at .5 g/t
Assume the price received per oz was $1500 (slightly below average for that period (Apr-June)

Total: 4600 oz. $6.9M in Revenue.

Of course, they will still show a loss because 50% of net profit from gold production is going towards paying off their partners for their portion of mill construction...

Either way, great progress... and it will only get better from here as they ramp up to 7400 TPD and with gold prices over $1800...

Certainly an undervalued keeper with takeover potential. If the public finally sees this story, this stock is in for a big jump trading at just 20% of NPV...

B

Majestic Gold Site Visit Video!

Majestic Gold in Acquisition Talks?

Check out the chart, and news. Too coincidental to ignore, imo.

http://www.quamnet.com/quote.action?stockCode=340

News below:

Ch Mining provides $82M convertible loan for Majestic Gold 27 Jul 2011
China Mining (00340) in talk on potential gold-mine acq 12 Jul 2011

From the PR's:
July 12:
The board of directors of the Company (the “Board”) wishes to inform the shareholders of the Company that the Company is in discussion with a third party (the “Potential Seller”) independent of and not connected with the Company and its connected persons (within the meaning of the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”)) regarding a potential acquisition (the “Potential Acquisition”) of a gold mine project, which if materializes may constitute a notifiable transaction under the Listing Rules.

From July 26th PR:
China Mining Resource Group Limited
On 26 July 2011, the Company together with Best Tone, a wholly-owned subsidiary of the Company, entered into the Convertible Loan Agreement with Majestic Gold pursuant to which Best Tone agreed to make available a Convertible Loan in the amount of CAD10 million (equivalent to approximately HK$82 million) to Majestic Gold at an interest rate of 7.5% per annum and the Company agreed to guarantee Best Tone’s obligation thereunder.

From Majestics PR, but left out of the Chinese PR:

The borrower has also agreed to a 90-day period for reciprocal due diligence reviews and discussions for the possible further involvement of the lender in the Song Jiagou project.

Majestic Gold Corp.: Convertible $10,000,000 Loan Financing Arranged (ccnm)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2011) -Majestic Gold Corp. (the "Company") (TSX VENTURE:MJS) has arranged a$10,000,000 loan to advance its Song Jiagou project in China. Ninemillion dollars ($9,000,000) from the proceeds from the loan will beused by the Company to in connection with its Song Jiagou project andthe balance of one million dollars ($1,000,000) for general workingcapital purposes.
The loan will have a one year term and loan principalwill be convertible at the option of the lender in whole or in partinto common shares ("Shares") of the Company until twelve months fromthe date of the loan advance at the price of
.205 per Share. The loanwill bear interest at the rate of 7.5% per annum, payable on maturity,and accrued and unpaid interest will be convertible at the option of thelender in whole or in part into shares of the Company until twelvemonths from the date of the loan advance at Market Price at the time ofconversion.
The lender is at arm's length from the Company andwill not become an insider as a result of any conversion of principaland interest. All shares issued on any conversion of loan principal orinterest will be subject to a four month hold period from the date ofadvance of loan proceeds. The loan is subject to acceptance by the TSXVenture Exchange.
As additional consideration for the loan, the Companyhas agreed to forward at least $9 million to Majestic Yantai Gold Ltd.,a British Virgin Islands company owned 94% by the Company to be used tofurther advance its Song Jiagou project.
The Borrower has also agreed to a 90 day period forreciprocal due diligence reviews and discussions for the possiblefurther involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reachedbetween the Lender and the Company during the 90 day period, then theloan and a minimum of seven (7) months interest will automaticallyconvert to shares in the Company at a price of
.205 per share and theinterest at Market Price respectively.
In addition the Company is pleased to announce thatit has arranged a non-brokered private placement of up to 15,000,000shares to be issued at the price of
.20 per share for gross proceedsof $3,000,000.
Completion of the offering is subject to TSX VentureExchange acceptance. The Company will pay finders' fees in cash and/orsecurities in connection with the offering, in accordance with ExchangePolicy. All securities issued pursuant to the offering will be subjectto a four-month hold period from the closing date. The proceeds from theoffering will be used to finance exploration activities on theCompany's Song Jiagou gold project in China, and for general corporateexpenses.
On behalf of the Board of Directors,
Rod Husband, President & CEO, Majestic Gold Corp.
This news release may contain forward-lookingstatements including but not limited to comments regarding the timingand content of upcoming work programs, geological interpretations,receipt of property titles, potential mineral recovery processes, etc.Forward-looking statements address future events and conditions andtherefore, involve inherent risks and uncertainties. Actual results maydiffer materially from those currently anticipated in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations
Majestic Gold Corp.
(604) 681-4653 or 1-866-282-8398
(604) 568-4902 (FAX)
info@majesticgold.net
www.majesticgold.net

It's summer; not much doing on this Board until Fall_Winter; then there should be lots of activity and higher pps

Asia Miner Article:

While we wait for updates from the company, we can see the progress they are making from this article, and also knowing the new 6000 Tonne Per Day Mill is 2 months into the commissioning stage. Looking forward to what the second half of 2011 has coming...
--------------------------

A Majestic transformation
MAJESTIC Gold is transforming from explorer
and very small-scale producer into a largescale
production company through ongoing
development of the Songjiagou Gold Project
in Shandong province.
The company is processing 1400 tonnes
each day through the existing Songjiagou
plant but is in the final stages of constructing
a new mill with daily capacity of 6000 tonnes.
It expects to begin throughput at the new mill
during May, which will bring daily processing
at Songjiagou to 7400 tonnes. (***MY NOTE: PR April 27th Indicated the Mill Commissioning started***)
Majestic’s president and CEO Rod Husband
says the company is ramping up mining activity
to feed the new mill with material being
stockpiled at the mill ready for processing.
He says based on a recent preliminary assessment
report prepared by Wardrop, a Tetra
Tech company, Majestic will be able to produce
around 105,000 ounces annually for the
next 22 years, however, the company is considering
additional capacity expansion in the
next few years as 22 years is a lengthy mine
life and it should be more like 10-15 years.
“We are also focused on completing a detailed
five year mine plan and then implementing
it so we have proper grade control. At
present we just dig the dirt and run it through
the mill but once we have a proper plan and
grade control we expect to be able to lift production
substantially, up to 250,000 ounces.”
The Wardrop report also recommends two
phases of exploration designed to upgrade
and expand the resource with the first
phase focusing on increasing the level of
confidence in the shallower portion of the
resource and the second focusing on
deeper mineralization as well as additional
resources at depth and along strike.
Rod Husband says, “It’s an exciting time as
we are just months away from transforming
to a full-on production company and it’s really
largely because we are in China. You can’t do
that in North America – you have to wait for
engineering reports, obtain the capex and
then build the mill.
“Our partner, the company’s biggest
shareholder, has funded construction as we
progressed because he knows what’s there.
He’s been mining it for seven years on a
small scale and it’s just a matter of recognizing
the economies of scale and making
the operation bigger.”
He says Majestic is evaluating a couple of
other projects in China. “One of them is a
small open pit, cyanide leach operation in
southern China. We are doing due diligence
and think it has the potential to hold between
500,000 and 1 million ounces.
“We will have the cashflow to expand organically
from here and, as everyone knows, there
are tremendous opportunities in China. The
geological risk is low because you do deals on
existing mines that haven’t been explored
properly, so all you have to do is drill out the
resource then redesign the way to mine it.”
Rod Husband says Majestic is also considering
listing Chinese assets on the Hong
Kong exchange. “It seems Asian investors
through Hong Kong have a much more open
attitude towards foreign companies. It’s expensive
to list so you need projects worth at
least $100 million to make it worthwhile and
we are hopeful of getting to that stage.”

Hi Kenjays,

I can easily see this stock doubling by the end of year should financing be announced ($40M or more, and good terms or conversion rate, depending on the financing structure. Financing would allow Majestic to transfer the $50M title of the new mill to their balance sheet in full, rather than the stepped accounting approach that they are using now (because they are paying for the mill from their net profits/current cash on hand).

I'd rather be conservative in my estimate to manage my expectations. But, if this thing catches fire with 1) New Resource estimate 2) Large Financing 3) Full Mill production and outlook of 100,000 oz per year or more of gold production (Made public), then we could see much much higher.

Overall, I believe we will be at .40 by YE (Conservatively), and into the $1.00 range in 2012. That is certainly enough incentive for investors to hold this stock. The best is yet to come, but patience is required.

In this case, it will be a "good things come to those who wait" situation....

Cheers,

B

Hi Kenjays,

I can easily see this stock doubling by the end of year should financing be announced ($40M or more, and good terms or conversion rate, depending on the financing structure. Financing would allow Majestic to transfer the $50M title of the new mill to their balance sheet in full, rather than the stepped accounting approach that they are using now (because they are paying for the mill from their net profits/current cash on hand).

I'd rather be conservative in my estimate to manage my expectations. But, if this thing catches fire with 1) New Resource estimate 2) Large Financing 3) Full Mill production and outlook of 100,000 oz per year or more of gold production (Made public), then we could see much much higher.

Overall, I believe we will be at .40 by YE (Conservatively), and into the $1.00 range in 2012. That is certainly enough incentive for investors to hold this stock. The best is yet to come, but patience is required.

In this case, it will be a "good things come to those who wait" situation....

Cheers,

B

MISTER B

Great news should be coming soon...Your a thinking kind of guy --look in to your crystal ball;what do you believe the pps could be by.... say EOY.

NP.

AGM was yesterday. Would have been a good time to provide a Corporate update, but no dice...

B

Thanks, MB

Email Blast from Majestic on May 24th :

Suggest to get on their email list....
-----------------------------

May 24th, 2011
Majestic Gold Corp. Media Update
TSX - MJS / FSE - A0BK1D
Please Come visit us at the Cambridge House World Resource Investment Conference at the Vancouver Convention Center East, booth # 1019, June 5th & 6th, 2011.

Majestic Gold Mill Opening

On May 24th, 2011, Majestic Gold Corp. welcomed investors, newsletter writers, journalists, financiers as well as Chinese officials to our grand opening at our Song Jiagou property in Shandong Province of China. This event marked the commencement of our exciting transition into a large scale producer. Please refer to our previous News Release for further details regarding the commissioning stage.

http://www.majesticgold.net/pdf/news/current/nr20110504.pdf
Newsletter Writers

Jay Taylor, Gold & Technology Stocks - "Face the Analyst"
http://www.miningstocks.com/

Jay Taylor, host of Face the Analyst interviews Rod Husband, CEO of Majestic Gold Corp. Video Release conducted by Investment Pitch . Distribution for both of these videos includes the world-wide Thomson Reuters Video Platform and news release coverage in 5 languages.


Al Korelin's Economic Report
http://www.kereport.com/

Future Video segment on Majestic Gold Corp. Camera crew presently on site.


Goldletter International by Marino G. Pietrese
http://www.goldletterint.com/

Mr. Pietrese will be releasing another research report within the year. Please refer to our Company Research Report available on his site

A.) Majestic Gold Company Report:
http://www.goldletterint.com/documents/pdf/MAJESTICGOLD_GLSP_May2011.pdf

B.) Special Report on China & Mining:
http://www.goldletterint.com/documents/pdf/CHINA_GoldReport_May2011Update.pdf


Broadcast Media

Business Day Television with host Terry Bradshaw
http://www.businessdaytv.com/

Business Day Television with host Terry Bradshaw is conducting a segment on the mining industry with Majestic Gold Corp. as one of it's feature company. The segment will be distributed across Canada & the US with national & local airings. A news release will be distributed with the show times.


Print Media

The Asia Miner
Please also refer to their previous article about us ( may/ june 2011 Edition within the "China" section)
http://www.asiaminer.com/magazine/images/stories/pdf/TAM-May-June-2011.pdf

The Northern Miner
Alisha Hiyate, Editor of Mining Markets & Diamonds in Canada is presently on site and will be covering an article on us.

Resource World - July Edition

The Economic Observer - Interview with Rod Husband

The South China Morning Post ( Hong Kong Newspaper)

Research & Previous News Releases

Vicarage Research Report
http://www.majesticgold.net/pdf/media/Majestic-Gold-14032011.pdf

Corporate Update
http://www.majesticgold.net/pdf/news/current/nr20110311.pdf

Preliminary Assessment
http://www.majesticgold.net/pdf/news/current/nr20110121.pdf


Tel: +1 (604) 681-4653
Toll Free: +1 (866) 282-8398
Fax: +1 (604) 568-4902
Email: investors@majesticgold.net

I'll get back in the discussion soon

Should be a Great Summer:

1) From here on in, Majestic's financials will be much better as the new mill started production at over twice the current throughput of the last financials. As we all know, this will grow from the approx 1200 Tonnes per day to 7200 tonnes per day. So, From here on in, we see financials growing to $20M+ Revenue per Quarter (not likely in Q3, but Q4). That is a good feeling!
--As an aside, Rod H did say in the Nov 2010 interview that the mill would start up mid 2011. He was dead on. Perhaps a new beginning of meeting dates? I give credit to Hibbits for that, for obvious reasons.

2) Q3 will be released at the end of August, so if people aren't aware of Majestic by then, they will start to get acquainted with Majestic from the Q3 Financial release forward. To that end, Q2 had lower revenue due to the Chinese new year (2 weeks of vacation for the chinese) and the focus on the new mill start.

3) Funding has to be close, but with Majestic where it is (Not quite reporting big numbers), I can't see a Hong Kong listing this year coinciding with funding. I do think they will do a round of financing on the TSXV or TSX, get the market cap up, then go for a RS (Rollback) and chinese listing at that time (2012). Just a gut feeling on that.

4) Reverse Split - I think there may be a special vote next year for that, in concert with the Chinese listing, as it is not an item to be voted on (at least not in the proxy for this meeting). The mill should be in full production mode, raising the Market cap, for this to happen most effectively.

So, what happens between June 2 and Sept 1 when the financials come out and a new Majestic is born in the public's eyes?

5) Warrants - We know warrants expire mid-July. We've seen twice the amount expire last October (and all exercised, with an increasing share price). I expect June and July will see a lot of promotion to absorb these shares just as we saw in October and last April. I would think we will have multi-million volume days again. They should and likely will still to what worked in the past.
On that note, we've seen Majestic's list of participants for the grand opening in May. I figure all of those parties will get something out over the next two months, in addition to the historical use of German and English newsletters. With Majestic opening and using this new mill, this really is the biggest milestone to date, and should move the stock.

6) AGM - Occurs next Thursday. Historically, Majestic releases news the week of the AGM. I expect they will not change their plan of attack. I'd love to see video, an new presentation, a new interview with Rod, etc. I've voted all my shares "with Management" and still have not sold 1 this year.

So, with the new mill processing Ore, the mine plan, licencing and chinese engineering report underway and likely almost complete, I am very comfortable holding my shares through the summer and into the fall and realistically, the best days should be in front of us. We also know drilling has or is taking place to define an extension of the resource, so we may see a bigger resource estimate, and to top it off, hopefully financing soon so the title can be transferred in whole (adding $40M to Majestic's assets)...

All in all, good stuff for the patient. I am hopeful the word gets out to the general public sooner than later, but will be holding this investment well into 2012...

B

bunch of shares at 0.06 & a bunch under 0.20 waiting for an explosion.real soon

You would think this would start going up....UMMMMMM.
KENJAYS

New Mill in Production: NEWS!

Majestic Gold Provides Update on Mill Construction
Vancouver, British Columbia, April 27th, 2011 – Majestic Gold Corp. (TSX.V: MJS) (“Majestic”) is pleased to provide a progress update on the new mill construction for the company’s flagship Song Jiagou project.
The mill is in the commissioning stage and has begun running ore through the mill in order to access the efficiency of the mill. Majestic expects to run at an initial throughput rate of 3,000 tonnes per day and progressively move upwards towards full capacity of 6,000 tonnes per day once the mill is running at optimal efficiency.
Ore that has been stockpiled at the new mill in order to streamline the commissioning process is currently being processed as part of the commissioning stage. In addition, Majestic is pleased to announce that the tailings dam is fully completed and all tailings lines and water return systems are in place and now in use.
“We are excited by the prospect of getting the new mill on line and being in a position to significantly increase production levels” stated Rod Husband, President of Majestic. “This represents a significant milestone in our transition from exploration to production.”
On Behalf of the Board of Directors MAJESTIC GOLD CORP. Signed "Rod Husband" Rod Husband, P.Geo
President

Sure Thing. Love the Mill Terms!

Really, this is already known if the SEDAR reports were read, aside from the hiring of the M&A Firm.
Majestic's Songjiagou PA suggests $4.5-million project
2011-03-14 01:32 ET - News Release
Mr. Rod Husband reports
MAJESTIC GOLD - CORPORATE UPDATE NEWS RELEASE
Further to its news release in Stockwatch of Jan. 20, 2011, MajesticGold Corp.'s preliminary assessment (PA) report prepared by Wardrop, aTetra Tech company, for the Songjiagou gold project located in Shandongprovince, People's Republic of China is now posted on SEDAR.
Key elements of the report are as follows:
Economic parameters
Net present value of $525-million (U.S.) using a 10-per-cent discount rate;
Internal rate of return of 78.6 per cent;
Payback in 1.4 years;
Total gold production of 2,324,000 ounces (average 105,645 ounces per year) for life of mine;
Life-of-mine strip ratio 1.87 to 1 (waste to mineral inventory);
Mine-life of 22 years $973 (U.S.) per ounce for the base case gold price for this study.
Recommendations
Exploration
Wardrop recommends two phases of exploration designed to upgrade and expand the existing resource.
Phase I will focus on increasing the level of confidence in theshallower portion of the existing resource. The all-inclusive cost ofthis phase is estimated to be $1-million.Phase II is the extension of the phase I program. The objectives of thisprogram are to increase confidence in the deeper mineralization and toidentify additional resources both at depth and along strike. Theall-inclusive cost of the second program is estimated to be$3.5-million.
Engineering
Wardrop recommends further engineering studies, including:
Mining
Studies to formulate concrete decisions on village relocations studies to obtain higher-resolution topographic data;
A trade-off study to optimize the production rate;
Detailed geotechnical study to determine overall pit slopes, interramp slope angles, bench face angles, bench heights and catch bench widths;
Detailed hydrology and hydrological studies to determine design of dewatering systems;
Evaluation of proposed waste dump based on geochemical characterization of waste rock, geotechnical, hydrological and hydrogeological information;
Detailed drilling and blasting studies to determine penetration rates, effective drill patterns, powder factors and explosive mix for the different rock types;
Further engineering study to optimize the size of backhoes and haul truck fleets;
Mining loss and ore dilution studies.
Metallurgy and process
Conduct a detailed testing program to study metallurgical performance, including:
Flotation tests for optimization of primary grind size and reagents, the effect of various regrinding arrangements on gold recovery and concentrate grade;
Gravity concentration tests to recover nugget gold;
Mineralization hardness determination;
Gold extraction by cyanidation to confirm the smelting terms;
Product plan optimization to maximize smelting return;
Install on-line automatic control systems for optimizing the floatation plant efficiency;
Upgrade current assay laboratory instrumentations and establish a metallurgical lab;
Tailings storage facility;
The under-construction TSF will service approximately four to five years at the rate of 7,400 tonnes per day;
Further studies for the tailings disposal for the remaining life of mine should be conducted;
Conduct a comprehensive environmental impact assessment for the project based on the proposed process rate;
Further studies on the fresh water supply, particularly during the dry seasons, as the project is located in a relatively dry area.
Majestic is planning to commence phase I of the recommended explorationprogram as soon as practical. Wardrop's recommendations for theengineering programs will be included in the Chinese geology andengineering studies currently under way while concurrently pursuing themining licenses required for the process rate of 7,400 tonnes per day.
"We are pleased with Wardrop's findings and recommendations and areexcited to be moving our company toward becoming a significant goldproducer," stated Rod Husband, president of Majestic Gold.
The complete report is available at SEDAR and on Majestic's website.
Mike Hibbitts, PGeo, vice-president, development and exploration, and adirector of Majestic, has read and approved the information in this newsrelease.
The company is pleased to provide the following update on operations:
Financial information
For the first quarter ending Dec. 31, 2010, the company had currentassets of $6,148,255 ($4,920,964 cash) and a working capital position of$3,764,085 compared with current assets of $3,512,728 ($1,791,845 cash)and working capital deficiency of $975,436 as at year ended Sept. 30,2010.
Gold revenue from the Songjiagou mine for the three months ended Dec. 31, 2010, was $1,899,832 on the sale of 1,403.48 ounces.
Expenses for the three months ended Dec. 31, 2010, were $2,803,782,resulting in a net loss of $1,451,165 for the period. The increase inexpenses was primarily due to operation costs of $1,302,714 for thethree months ended Dec. 31, 2010, related to contract mining costs atthe Songjiagou mine.
General and administrative expenses were $1,493,909 for the three monthsended Dec. 31, 2010, which included $762,995 (MMK Financial $419,795and Russlan Fajsiev $343,200) in fees paid in association with thewarrant exercise of share purchase warrants totalling 95,540,140 forproceeds of $9,554,014. The fees were paid for services which includedthe introduction to original warrant holders of persons prepared toacquire and exercise outstanding warrants, negotiating the financialterms of the purchase of such warrants by such persons from the originalwarrant holders, and co-ordinating those sales and the subsequentexercise of the warrants.
On April 8, 2008, the company issued an unsecured note payable of$2-million to RAB as part of obtaining financing for the purpose ofmaking the company's final capital contribution to Yantai ZhongjiaMining Inc., the Chinese joint venture company that holds the rights tothe Songjiagou mineral property. During the three months ended Dec. 31,2010, the loan was fully repaid from the proceeds from the exercise ofwarrants.
Addendum to Dahedong joint venture agreement
The company has secured an addendum to the Feb. 11, 2010, agreementbetween its Chinese subsidiary (JVCo) and Dahedong smelter mill for theacquisition of an additional interest in the Songjiagou mine fromDahedong smelter mill and related matters. The addendum, which wassigned with effect from Feb. 11, 2010, outlines specific changes to theoriginal agreement as follows:
Pursuant to the profit sharing agreement made as of Sept. 1, 2010, it was agreed the company would advance further funds to JVCo by way of capital contributions to finance the expansion of operations including construction of the new mill;
Dahedong agreed that:
Dahedong will construct one new mill and related facilities with an output of approximately 6,000 tonnes per day at a budgeted cost of $50-million;
Dahedong shall complete the procedures for the acquisition and lease of land to be occupied by the new mill, obtain necessary approvals, complete filing procedures, and co-ordinate the supply of utilities such as water and electric power for the new mill;
Dahedong shall be responsible for 25 per cent of the costs incurred in the construction of the new mill including permitting, leasing and licensing costs, and JVCo shall be responsible for 75 per cent of construction costs;
Ownership of the new mill shall be vested in JVCo;
Dahedong will be responsible to pay all construction costs in the first instance;
JVCo will reimburse Dahedong for 100 per cent of JVCo's share of construction costs out of JVCo's share of net profits before any net profits are paid or distributed by JVCo to the company;
JVCo's share of construction costs will be paid only from JVCo's share of net profits so that no cost, expense or other liability will accrue to or be payable by JVCo otherwise than out of net profits;
JVCo will pay to Dahedong a financing fee equal to 10 per cent of JVCo's share of construction costs out of JVCo's share of net profits after JVCo's share of construction costs have been paid in full and before any net profits are paid or distributed by JVCo to the company;
Title to the new mill shall not be transferred to JVCo until JVCo has reimbursed Dahedong for JVCo's share of construction costs out of JVCo's share of net profits;
JVCO shall have the right, but not the obligation, to pay or reimburse Dahedong for all or any portion of JVCo's share of construction costs from other sources of funding which may be available to JVCo from time to time. This amendment will allow the project development to continue uninterrupted while Majestic seeks the required financing.
"This amendment demonstrates our partners commitment to both the projectand to Majestic," stated Mr. Husband, president of Majestic. "We lookforward to rapidly developing our project and increasing productionlevels."
The company is also pleased to announce that it has retained theservices of Vicarage Capital Ltd. of London, England, to advise it onM&A (mergers and acquisitions) issues with the objective ofnegotiating a merger with a larger company with greater financialresources or entering into a joint venture or other form of strategicalliance to advance its Songjiagou project, and to assist it innegotiations in those regards. The company has agreed to pay Vicarage atotal of $150,000 over the one-year term of the contract.

Thanks, MisterB.

We've got to get some interest on this Board; you want to Assist?

TA, read some of my posts, check out the interviews and my DD and you'll like what you see. Feel free to ask any question that you need...

B

With the new 6000 Tonne per Day Mill to be started in June, and promotion to occur in advance of the start of this mill (bringing production to 7400TPD), the stock is poised for some big gains over the next few months to years.

This stock will end up getting taken over by another company.

Been invested since Nov 2009, and done as much DD as you could possibly do. This one is a winner.

Looking at 100,000 oz per year or more from June going forward....

With an NPV of 525M and a market cap just over $100M, this could easily be a Quad.

B

This is a Canadian Gold Play on the Vancouver Exchange MJS.vn

Market Cap Outstanding
87.96M 399.80M

Since I think this will be an outstanding performing company, I am going to apply for the Moderator position.

Lebed Alert - MJS: rapidly growing producing China gold play!?


Majestic Gold Corp, currently $0.19, trades on the TSX Venture under the symbol MJS and on the pink sheets under the symbol MJGCF. MJS has 499.83 million shares outstanding and a market cap at $0.19 of only $94.97 million.

MJS is a producing gold company with a gold deposit in Shandong province of China. MJS recently increased its ownership of the Song Jiagou property in China from 54 to 94 % and commenced production at an initial rate of 1,400 tpd.

MJS's revenues during the most recent twelve months were $7.59 million. MJS currently has a mill expansion project underway that will increase their production by 5,000 tons per day within the next six months. MJS expects to increase mill production from 1,400 tons per day to 7,400 tons per day.

MJS recently increased its indicated tonnes by 35.34% and inferred tonnes by 37.96%, increasing its total resource base from 53 million tonnes to 72.5 million tonnes!


MJS's Song Jiagou property contains 1.2 million indicated ounces of gold and 1.8 million inferred ounces of gold for a total resource of 3 million ounces of gold. At its current market cap, MJS is being valued at only $31.66 per ounce of gold in its resource base, which is ridiculously low for a producing and rapidly growing gold company in China, especially with gold rapidly approaching $1,500 per ounce!


MJS recently reported a positive Preliminary Assessment for the Song Jiagou mine indicating a Net Present Value of US $525 million, a Internal Rate of Return of 78.6%, a Payback in 1.4 years, and total gold production of 2.324 million ounces (average 105,645 oz/yr) for the life of the mine of 22 years.

MJS is rapidly moving towards increasing its production to 100,000 ounces of gold per year and the new mill that is currently being constructed will play a major role in helping MJS achieve this goal!


MJS's Song Jiaguo Property is located on the Jiaodong Peninsula in Muping County, the Shandong Province, the People's Republic of China. The property lies on the western edge of the Muping-Fushan Gold Belt, which hosts 20% of the known gold deposits on the Jiaodong Peninsula.

Gold production from the entire peninsula accounts for over 25% of China's annual gold production, presently estimated to be 288 tons or 9.3 M ounces. Gold deposits in the belt are commonly controlled spatially by fault zones.

Gold mineralization on Song Jiaguo is hosted by a series of steeply dipping, sub-parallel north-northeast trending fault zones within upper Cretaceous conglomerates overlying Proterozoic granitic rocks. The area of Song Jiaguo is interpreted as being the higher levels of a mesothermal system where gold bearing fluids have mineralized the matrix of the host conglomerates. The gold bearing quartz veins would then likely continue to much lower levels in the system.

To the south of the property, the Pengjiakuang Gold Deposit (>650,000 oz) occurs in the same structural environment within Cretaceous Laiyiang conglomerates which underlie the Song Jiaguo Property.

MJS has a strong balance sheet with $5.09 million in cash and no debt!

Be sure to start your research on MJS immediately! MJS appears to be undiscovered at this time, but I believe it could become one of our biggest TSX winners of 2011!