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Marathon Gold Corp 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

Comment by zack50on Sep 24, 2022 12:36pm
97 Views
Post# 34984173

RE:RE:Average of $0.44

RE:RE:Average of $0.44AlwaysLong, like I said in my previous post... "have at it"... "fill yer boots"... play the Devil's Advocate, lol.

You are a little obsessive aren't you?! My statements are correct... doubt them, don't fathom them... do what you want with them. That's something I have no control over!

As you are most likely aware, the TFSA officially came into effect in January, 2009. Both my wife and I immediately set up plans and have contributed the maximum amount each year since. Thus by January, 2015 we both had contributed $41000 and at that point both plans had gained considerably with investments during the period from 2009 to the beginning of 2015. We have continued to fund the plan to the maximum contribution each year since. 

So my initial purchase of 20000 MOZ shares in Nov/15 @ $0.15 for a total of $3000 was small considering that the balance in each of our TFSAs had grown significantly more than the total contributions. The same applies for the remaining 30000 MOZ shares that I purchased in 2016 and 2017... small in the scheme of things... since we also have non-TFSA trading accounts.

In terms of risk... everything in the market is a risk. I had done my due diligence on Marathon and I felt taking the "risk" to invest ~$22K in MOZ was not an issue for me. May I suggest that you not let my ability to invest in the market and accept risk at a level I deem suitable, bother you... you might end up with an ulcer,lol.

As far as the trading in MOZ shares outside the TFSA... call it luck or good fortune if you wish. I see it as follows... the share price drops for a period of time and I jump in... buy 1000 shares at $1.67, sell for $2.58... make a small profit, buy 1000 shares at $2.27, sell for $3.03... make a small profit. Do this a number of times and the small profits add up!

Feel free to doubt or not fathom what I have said... I've given it my best shot to explain my previous posts and investment stategy in regard to MOZ... it works fine for me! I don't feel that I have to offer you any further explanation.

Btw... Thanks for the warm wishes in regards to FIONA... we have been spared and are safe here in our area... some have not fared as well.

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