RE:RE:New Press Release - Marathon Gold Announces Voting Results of Annual and Special Meeting of ShareholdersAs expected.....
Not much to add for now. I did sign in and still view the merits of the project to be one of the best to likely see further increase to reserves with the ongoing exploration. Mine life past 14 years and still open at depth and length. Au valuation is a guess for 2024-25 however assuming Au holds at $2000. US or better the payback is encouraging.
For the future it looks like more dilution and I would not rule out a share roll back but that's too early at this point for both scenarios. Overall they appear to be managing the mine build very well. Not much to do now but watch the paint dry, advance and derisk the project and see just what Manson will do to increase share holder value as per his slide presentation.
I would expect Marathon to remain as a potential takeover candidate as the long term outlook is very promising checking off all the boxes.