Marathon Gold Corp 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 > The Wizard of MOZ

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Post by AlwaysLong683on Apr 02, 2023 9:04pm

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Post# 35375253

The Wizard of MOZ

The main reason I am hesitant to invest in this name is because CEO Matt Manson did not step down as CEO after mistakes in the permitting process which required re-submission, the extra equity raises at low prices required to shore up project funding, etc. Good management is key for me, so management that makes significant errors like this is usually a dealbreaker for me no matter how cheap a stock appears to be.

Food for thought:

1) Great Bear Resources just drilled and assayed for years, then got taken out by Kinross at a nice premium. Simple way to make a good buck. MOZ decided against this approach.

2) Sabina made a decsions to build a mine themselves, loaded up with debt and equity financing, permitting, etc. and is currently at about the same stage of a mine and mill build as MOZ, but recently announced it was being taken out by B2Gold. So MOZ could be taken out even at this stage.

3) MOZ's share price could rise by a significant amount provided the mine build proceeds to completion on time and on budget. Conversely, if they need to raise more money or delay their target date for first pour, the share price could take quite a hit, especially given the bumps in the road that have already taken place.

4) Perhaps MOZ could use an activist investor that accumulates a signficant % of total shares outstanding and demands a seat on the BOD and replacement of Manson. This is quite possible as there are entities that look for undervalued companies they believe can be quite profitable if pressured to change personnel, get things on track, and maybe put the company up for sale. According to Simply Wall St., insiders only own a pitiful 1.5% of the shares outstanding with Insititutions owning about 43% and the general public the other 56%, so this company would be tailor-made for an activist investor if any would like to step up to the plate.

This stock would be very tempting to me if an established activist investor came aboard and delcared he/she/it was going push for changes.

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