Marathon Gold Corp T.MOZ

Dennis da Silva - BNN - DON'T BUY

[Possibleidiot01]

DON'T BUY

Marathon Gold Corp(MOZ-T)

15/11/2023

 

Merger with CXB. Could argue that this takes away the true upside of the Valentine project, which is under construction. Met a shortfall in financing to complete the mine. From CXB's view, you could argue that merger reduces risk, improves capitalization, diversifies outside Canada. 

Mining

 

N/A

Not owned

[Ork]

Jeez, how old was the kid that wrote that short piece , lmao

[Zibo510]

This post has been removed in accordance with Community Policy

[stockwatcher7]

Mr. Market the real Judge & Jury of this deal agrees with Denis Da Silva, that's why MOZ is trading @ .70 and nowhere near. 84 MOZ  is  at 70  because it is  trading at 61.46% of  CXB  thats  it...  Keep  CBX  in  control  and  it  controls   MOZ  So  who's  buying  all this 

[ppp]

Based on the story here, Moz got robbed by CXB yet CXB took a hair cut as soon as the deal was announced. If MOZ was such a buy why is CXB trading down? And yes you are correct it is the CXB share price that controls the MOZ share price as it will be CXB shares MOZ holders will receive.

[Zibo510]

This post has been removed in accordance with Community Policy

[stockwatcher7]

Prior to this deal CXB was trading around 1.40, their EPS were calculated based on 460 million shares.  IPrior to this deal CXB was trading around 1.40, their EPS were calculated based on 460 million shares.  If this deal closes they will have to issue around 290 million shares and have around 750 million shares I/O and EPS will be based on the new float.  Valentine will not have

[Zibo510]

This post has been removed in accordance with Community Policy

[ppp]

The thing is, its not like CXB is over valued. CXB is cheap. So the MOZ shares  are worth 70 cents at the moment but down the road they could be worth 3 times that once Moz is up and running.  There is still risk in getting everything running smoothly. Just have a look at AR and see what can happen when you are up against the wall. 

[triken]

Nice summary in accordance with my thinking. Somebody marched the price down and then released the trolls on this bb who in essence are telling us it's a good deal and we should be grateful. MOZ should not be a sacrificial vehicle for CXB to enhance their status at our expense. We need another offer, either $1 in cash from CXB or a stock transaction from a miner held in high regard by the

[tootall123]

(We need another offer, either $1 in cash from CXB or a stock transaction from a miner held in high regard by the market) Wake up there triken, you are having a Bad Bad Bad nightmare... GOLD IS KING...

[ppp]

Like you said its half finished. Plus its got 66 million more shares. No one is going to come and offer more money. 

[Ork]

IF only the explanation was that SIMPLE - the stock price is being played, that is sooooo obvious got e-mails to write - no hurry for the price to appreciate, lots of time drill results ? as a poster mentioned, want me to phone the lab