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Marathon Gold Corp 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 Ridgebackon Jan 09, 2024 7:13am
70 Views
Post# 35816892

RE:RE:One can only wonder if?

RE:RE:One can only wonder if?It was OK to entertain mergers or aquisistions but given the facts that all or most of the mining sector was out of favour for months,,, perhaps it would have been more prudent to allow the build to proceed?This was a fire sale and my take on it management had no skin it the game other then to sell and move on. The breakup fee sealed the deal so no one else could come in. Not that I expected an offer under existing market conditions.

Allow the build to move on in light of Au prices rising and as we all know prior to comissioning the mill, MOZ was in sleepy mode other than potential assays which would have kept interest in the project even if it required some creative finacingf. No one can predict when the mining sector will swing to the positive side but swing it will and to have what MOZ has in a safe jurisdiction given the costs and effort to get this far was a tap out and a bonus for the aquirer who in my opnion was or may have been chosen from past associations and the Fiore Gold merger with CXB. I may be dead wrong on my opinions but to give up this close to production just does not sit well. This deal may work out for the better I just don't know what the picture wil look like in 8 months.

Good Luck!
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