RE:MM's discussion on the VGP with Global Business Reports... A little off topic.
Some of us have criticized Marathon for the costs or suggesting they could have done better in cost controls? I took a look at products I did manufacture for the mining sector both wholesale and retail pricing. What I see are increases from 40% to well over 100% over the last two years since retiring. Some materials jumped from $275.00 per sq foot to almost $400.00 and that doesn't include shipping which was $1300.00 for 200 lbs of material and I can only guess what it would be today with the cost of fuel. I spoke to my neighbour who works as an engineer for a major steel producer and he said the costs over the last 2-3 years increased by 60% for finished rolled product or tube and they are continually raising prices.
So while the financing for Marathon has been painful and dilutive for shareholders, they have the funds to start what they intended to do. I would not want their grocery bill or fuel charges for diesel. With interest rates on the rise I expect we may see more downside or at very best hold at these levels? Just my take on things. Still adding shares for good projects on dips.