RE:RE:RE:RE:RE:RE:RE:RE:Today's Trivia Same old tired red herrings.
Gold will be higher than it is right now. Check. Money will flow into this sector. Check. That's the perfect storm that will push share prices of all gold stocks higher. Check. Marathon has one of the best pre-production projects on the planet. Check. It wil be a mine some day. Check. It is uniquely positioned to benefit from that perfect storm. Check.
If our management team believed the above (as everyone here does), then they expect higher share prices in the future. They had more than enough cash in the bank to continue operations for the rest of the year.
Dilution is inescapable in companies like this one, but the timing, price, and size of pps is entirely in management;'s control. On all three of those counts the current management team screwed up. The company would have been able to get more money for fewer shares in the fall. The mine would get built, and current shareholders would benefit more, but the deep pocket boys would benefit less. So it certainly begins to look like our new management team's is revealing where their loyalties lie.
To argue (as GoldMason has) that the price of this stock is only going higher, and at the same time that an unnecessary pp at a discount to the currrent share price was in some way smart, is completely illogical (or to use his adjective RIDICULOUS).