A Big Mistake That Will Cost Investors With Marathon Gold announcing a large private placement at $30 million, investors are now paying the price for this bad decision as gold prices are up today, but Marathon's stock are down.
Another bad decision to get more private placements and erode shareholder value.
Keep in mind that the "Law of Finance" state that a firm's gold is to maximize the value of shareholder wealth, not dilute the market value like Marathon are doing now.