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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 Suspect The Market Will Punish MOZ For Quite Some Time Now
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Post by AlwaysLong683on Sep 13, 2022 6:34am
237 Views
Post# 34958702

I Suspect The Market Will Punish MOZ For Quite Some Time Now

I Suspect The Market Will Punish MOZ For Quite Some Time NowMonday, September 12:

7:30 am (before market open):
PR providing infill assay results. Nothing to see here folks....everything is fine....

3:24 pm (36 minutes before market close):
Surprise!
PR announcing trading halt.

3:47 pm (13 minutes before market close):
PR announcing $150M Bought Deal Financing @ 1.10 per unit consisting of 1 share and 1/2 a warrant (strike price of 1.35 for 24 months)

Have a nice night.

So, a head-fake with the assay PR released before market open followed by a trading halt and desperation equity raise just before market close. Current and potential investors love this kind of stuff.


Best hope now is for the price of gold to go on a tear and lift all boats because I think MOZ will be in the doghouse for a while as far as the market is concerned.

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Dealroom for high-potential pre-IPO opportunities