RE:RE:RE:RE:What’s the consensus here?Ridgeback wrote: There is nothing wrong with CXB management they have done well. CXB shares are not stalled anymore then other mining stocks and like CXB many are undervalued out of favour at the moment.
CBX is one of the most undervalued miners and that will change regardless of the MOZ deal.
As for Marathon, when a company is this close to the goal post it negates all the past efforts of previous management to bring the company to a successfull conclusion be that production or takeover/merger. For a company like Marathon slowly ticking off the boxes to start milling and with a crew capable of building the project they gave up and who do you blame leadership..
At a time when mining stocks are in the pits of a sink hole and when there were other venues for raising capitol with Au prices rising and paybacks looking reasonable and above estmates. Which method would discount shareholder values more? Additional dilution,streaming and royalties deals with longer term outlook for a merger when production nears or begins or the Merger with CXB for some potential upside where Marathon has been bought cheaply? Pros and cons for each. When and if the merger is completed we'll all see how the markets view this deal? Moz had a large following CXB had a small list but growing.
Just my take on it there's even hope for the Toronto Maple Leafs if they don't give up!
All fair points. At current spot and the potential for further reduced payback on this project, hitching themselves to CXB is a bit of mystery to me. Initially it made me wonder if perhaps the build was going to be over budget or late and I have noted a shift from Q1 in the slide decks to Ryan's promo chats mentioning H1, so perhaps a 3 month delay to first production? Regardless, while I would be very unhappy if i were a MOZ holder watching my company get bought out sub $400M I'd certainly prefer the valentine project in the hands of the CXB team. Looking at what they've accomplished in Nicaragua I think this team is going to have an absolute field day in this new camp and that should certainly be a win for all shareholders over time.