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 > SHORTS

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Comment by rico91on Sep 21, 2022 1:27pm

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Post# 34976878

RE:RE:RE:SHORTS

Let's look at this.
Investor buys shares @1.10 and gets 1/2 a warrant per share exercisable @ 1.35. So if they sell their shares for .98, they lose .12 per share immediately. They have half the amount of warrants as the initial number of shares and they can buy new ones for 1.35.
To break even, they would need the SP to go to 1.59! ( 1.35 per share plus 2x .12 loss on original shares bought @ 1.10 ).
That being said, I'm happy to buy now @ .96. - .99.
Just saying!
Rico

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