OTCPK:MALZF - Post by User
Post by
strikeout54on Jul 15, 2014 4:53pm
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Post# 22748223
Marlin Delivering
Marlin DeliveringI'm just going over some of the press releases on their website. This company has done exactly what they said they would do. Given the rights offerings were done at 8c (80c now) and 5c (50c now) any investor would have about a 7c cost basis (70c now) if they just participated. other than take-over guys, i can't think of one gold stock that's up in that period. Given that royalties are a no-brainer in this market, I can't wait to see this thing in another year and a half once their sailfish streaming company is developed.
https://www.marlingold.com/s/NewsReleases.asp?ReportID=575579&_Type=News-Releases&_Title=Marlin-Gold-Announces-15-million-backstopped-rights-offering
"With the completion of this Rights Offering, the $6 million of cash on hand, and the continuing support of our largest shareholder, Marlin Gold is sufficiently funded to begin construction at the La Trinidad project. We expect a 10 month construction schedule beginning immediately after the New Year, with the goal of producing gold in early 2014," said John Brownlie, CEO of Marlin Gold.