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Marathon Gold Corp MGDPF


Primary Symbol: T.MOZ

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.


TSX:MOZ - Post by User

Post by Inthepegon Feb 09, 2023 11:08am
866 Views
Post# 35277173

Next 2 years

Next 2 yearsI broke all of my rules with MOZ and don't blame anyone but myself for sitting with way too many shares & being a long way underwater  so this us not whoa is me.

I contacted MOZ regarding the recent 40 million expansion of the Sprott credit facility to 225 million.

I was told there would be no further equity financing, that this loan expantion bought MOZ to 85-90% fully financed 
Sprott received 10 million warrants in the new deal so I guess they meant no further dilution unless we're successful.

I asked what the company thoughts were on the massive trading since Sept 1, over 160 shares traded retail which is a huge increase over MOZ historical trading pattern.

The answer was MOZ is a good company generating lots of interest.

I seems to me that an accumulation is well underway, perhaps to assume control.

Am I out in left field?

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