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.

TSX:MOZ - Post by User

Marathon Gold Corp > Info Circular - Other interest notes

<< Previous

Bullboard Posts

Next >>

Comment by trikenon Jan 08, 2024 9:12am

101 Views

Post# 35815315

RE:RE:Info Circular - Other interest notes

Walking the share price down Sep to Oct, compare MOZ to CXB share prices in that period.
60c private placement for CXB ($40m), criminally below MOZ share price a few months earlier.
RSUs being activated.
Termination without cause will come into effect (x2 salary with bonuses), management well rewarded.
Overhang of shares from disaffected large shareholders will precipitate a long slow sell-off.
Overhang of B2 Gold 15% ownership of CXB.

All because management were over their skies with an overly ambitious mining plan, improperly costed.

I will vote no, CXB is a good company in a lousy country, justifiably under-valued because of prospect of resource nationalism, but i am voting no because MOZ has effed us over.

<< Previous

Bullboard Posts

Next >>

Osisko Development receives permits for Cariboo Gold Project