RE: Lots of Good Reading Over....Interesting "speculation" about the possible future of MAR/MOA/MOX...
As a long time MOA shareholder, why would I ever consider selling the Valentine Lake project for some new MOX shares and chump change??? It took MOA a long time and a little bit of luck to obtain "all" their properties in NFLD.
MOA shareholders should look back and remember our .09 cents per share, the South African diamond fiasco, and the RIC dibacle that nearly ended MOA shareholders to not even having this conversation today!
Recently, Stillwater gutted Marathon and MAR remaining assets-gold, appear marginal and inconsequential- if it were not for their 50% position with MOA on Valentine Lake. The new company, MOX, will soon be trading later this week, with 18 million shares outstanding. Where is their position of strength? Why could "they" one day be in control of the Valentine Lake operations?
As a MOA shareholder I am thrilled with our recent base metal find of antimony (with interesting intercepts of Au.) but this will take years to develop and with gold prices on the verge of going ballistic, it is imperative for MOA/MOX to merge (1:1), bite the bullet now on any immediate issues of control and look ahead to producing "OUR" first gold mine- in Canada. (2011,2012??)
Let me finally be clear...MAR has been a great partner to MOA but I sense their is a growing faction that simply wants to rid themselves of MOA for a quick buck. I take the view that if "WE DECIDE" to merge with MOX, we'll see, EASILY, $10.00 within two years. Stay focused!!!