Marathon Gold Corp MGDPF

Primary Symbol: 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 > Head and Shoulders TA suggests return to $0.60

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Comment by theCurseon Dec 05, 2023 6:33pm

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Post# 35770023

RE:Head and Shoulders TA suggests return to $0.60

nozzpack wrote: The reason is that we are now seeing the onslaught of tax loss selling.

That's why the short position remains at such high levels ...a double short at ,82..and final covering at .60.

Retail are sheep that gets fleeced all the time..

I doubt it. The retail is left from Sept 2022 is dedicated to this ongoing saga and probably not offsetting other current cap gains as it's not been the greatest of general markets the last couple of years. sure you can use the loss going back or forward but....

And Blackrock sold out just prior to the takeover but that, in retrospect, seems to have nothing to do with tax loss selling.

and exactly what is "such high levels" for the short position for this 470M share company?

tC

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