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Marathon Gold Corp MGDPF


Primary Symbol: T.MOZ

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

Post by Sacks48on Sep 12, 2022 7:50pm
246 Views
Post# 34958153

Use to be a holder while back

Use to be a holder while backI still follow the story now and then. Someone on the Genm boards also posts updates. Ok 1.10 is not what anyone wanted but guess what, it explains why the stock went from the 2 rally to 1.13 again. It wasn't what most have been posting about the increased cost but it was those companies that acquired the shares. They put 150 million in this company at 1.10 ( set a low for now). Also I believe now that they got what they want they will set the price free while supporting the 1.10 line. If you calculate the rising interest rate into 150 million then you will see that this is a better deal than financing. I'm sure Manson had Walford involved while negotiating and I know that Walford does good deals. Their is a lot more gold to be mined in phase 2 plus I believe they will continue making discoveries as they go. Those are my thoughts but what do I know I sold at 2.30 when it went to 3.80 bought in a stock that even at these prices I can only repurchase 86.7 % of my original holding
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