RE:RE:RE:RE:To repeat the question That's a good point. Devlin my diaper is still dry. I also see what Metalhead has in mind.
The fact is all the Au stocks are down and so is the investor sentiment at the moment. Comparing the companies on my books and watch list, all are down today as investors wait to see what happens with Powel in the USA today and coming months.
Stocks like I80, SKE have great potential just like Marathon. For now it is only which way the herd runs until the wind changes?
No immediate gratification just a wait and see what happens by years end? There are just so many things in flux that disappointment and shyt comes in bucket loads, nevertheless the accomplishments being made by Marathon to get this far have been formidable and they have done remarkably well having set the goal post for others in NFLD.. Do I think MOZ is undervalued? Sure compared to other companies that have as Sprott mentioned "years to go just to get to this point".
So I have not wet my diaper just yet, I remain confident that Marathon's will shares will rebound under several potential events.
1. Increasing reserves to perhaps entice a takeover or bidding war.
2. Financing with reasonable dilution to shareholders and then a takeover when most of the infrastructure and boots on the ground have done the dirty work and Moz has spent the money.
So bottom line, M&A are the best possible scenarios over the next six months otherwise we drift along with the tides of sentiment until the flow changes. The winners may be the institutional holders who finance or orchestrate a merger or buyout? For now I believe the retail shareholders outnumber the intuitional holders but at these prices I would expect the big players to be adding to their position for a future event.