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Marathon Gold Corp MGDPF


Primary Symbol: 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 AlwaysLong683on Apr 03, 2023 1:50pm
84 Views
Post# 35376667

RE:RE:The Wizard of MOZ

RE:RE:The Wizard of MOZNice commentary Ridge. You seem to be a rarity on these BBs - a rational person who presents civil posts / responses even if you may not agree. 

I concur with your view that those who whine about "lowball" takeout offers tend to not look at the full picture or the possible / likely fallout if such an offer is rejected. I suspect these people bought near the highs, didn't average down like you mentioned (or did but still had an average cost per share on the high side), then get upset when the offer price is lower than their average cost per share and/or unrealistic expectations of the amount of success the company may ultimately achieve and how long it may take to attain it.

You are also right that a takeout can happen at any time, and MOZ in particular would likely look tempting, though I'm not sure one of the big boys would bite as MOZ may not be big enough in terms of production expectations to move the needle enough for them in terms of % increase in total company annual production. However, there are many mid-size or smaller miners that would likely find MOZ an attractive possible takeout target. For example, Atlantic Gold (smaller Nova Scotia gold miner and producer) got taken out by St. Barbara (a rather small Austrailan gold miner itself) back in 2019, so I think there would be plenty of potential suitors for MOZ, many of which we may have never heard of before.



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