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.

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Marathon Gold Corp > Ridge

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Comment by trikenon Dec 26, 2020 4:41pm

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Post# 32184174

RE:RE:RE:RE:RE:RE:Ridge

Probably been here longer than anyone (1993 approx), eventually made about 250% and have been selling in the past couple of months for 2 reasons. I have retained 20% of my holdings.

1. MOZ may go up another 20-30% but some recent takeovers have been at a smaller premium or else for shares in acquiring company. I believe I can do better with potential multi-baggers I have in mind.
2. There is a strong possibility that Capital Gains Tax inclusion rate will be increased in 2021, so best to crystallise the gains now.
By selling for tax reasons you clear your head allowing for a better evaluation of your holdings and can re-purchase if the investment case remains sound.

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