Maritime Resources Corp V.MAE

NP-You might Enjoy This article on the Takeover Of Marathon

[tdsb]

Don Durrett - goldstockdata.com on X: "Calibre Mining acquires Marathon Gold for 32% premium. They are paying $45 per oz in one of the best mining locations in the world! A stunning discount. It's worth at least $300 per oz. This happens over and over. The slippery slope of greed. This was not done in the interest…" / X (twitter.com)

[nozzpack]

I do agree with the opinion that Marathon was sold out by its management team at too cheap a price. But, he has got his facts wrong . Calibre will take on $400 million in LT debt which boosts the takeout cost to Calibre to $750 m cad. All gold resources including inferred of just under 5 m ounces and it's $150 cad per ounce. Based on Reserves, it's $250 per ounce. But excellent

[tdsb]

Marathon was unable to get the mine up and running and they were diluting their shareholders, a lot of exploration companies should not attempt to build a producing mine it is just too difficult. The breakup fee is expensive but you never know we may see another bid come in for Marathon. Calibre is very capable of getting the VL property up and running. This is the time for acquisitions with

[Ork]

"Marathon was unable to get the mine up and running and they were diluting their shareholders, a lot of exploration companies should not attempt to build a producing mine it is just too difficult." Say WHAT ? what did moi just read, total nonsense, the mine is 50 percent completed with first pour dans 2025- early. & it's completley funded !! yea that's a first, lol go to

[tdsb]

Hi Ork, the mine will be completed but not by Marathon they are not involved anymore Calibre (CXB) is an experienced mine developer, they will finish the job. The mine will be built by CXB.Cheers! 

[Ork]

lol - yea right, weeks away from a vote- right now cxb owns zero/nada in NFLD.

[tdsb]

The management at Marathon obviously didn't want to finish the mine or they wouldn't have signed on, so it is immaterial.The termination fee is roughly 5%, or 17.5 million, but if someone else wants the mine, it is non-material for such a deal. Cheers!