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Marathon Gold Corp MGDPF


Primary Symbol: T.MOZ

Metals & Mining Gold
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

Marathon Gold Corp > I've got this one, FastFF
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Comment by Angelique01on May 06, 2020 8:21pm
150 Views
Post# 30995643

RE:RE:RE:RE:RE:RE:I've got this one, FastFF

RE:RE:RE:RE:RE:RE:I've got this one, FastFFHi Lumpy,

My comments on your posting:

PP small hiccup     You nailed it.
Additional  bargaining leverage with potential acquiror.  Agreed
Share dilution of 10%     Agreed   
More important is what do they do with $30 million
Can't just look at one side of equation .  For every debit there is a credit. My percentage of ownership went down but value of company went up.
Warrants     Yeah would have been nice no warrants but won't lose any sleep. $1.90 provides more cash
Uncertainty in current environment makes  dilution risk worth taking.  Agreed.  if somebody offers you the money in these times take it.  My experieince as well.

Wasn't expecting PP but I am ok with it.  Probably a wise move in the scheme of things.  You can debate the price of $1.50 but this issuance was initiated 2-3  weeks earlier before the price was $1.68.

Ang 

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