OTCPK:MALZF - Post by User
Comment by
strikeout54on Jul 17, 2014 9:34am
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Post# 22754547
RE:OGR aka Marlin Gold Mining
RE:OGR aka Marlin Gold Miningfrom 2006-2011 this wasn't marlin. the hostile takeover happened in june 2012. new management and new owners. I did go over all of the press releases from their website this weekend. the stock was trading at 7c (70c) when the hostile happened. the capex was funded through rights offerings, so everyone could have participated (also at 7c or 70c). the stock is trading at 1.15, which is a 60+% increase. so it might not have budged one iota, but it did budge about 60 of them. that's more than the broad stock market is up, where gold was down 25% and gold equities were down about 60% in that time frame. and the mine is 5 months old and the streaming business is 1 week old. So a year and a half seems like a reasonable time frame to build this new business out.