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Bullboard - Stock Discussion Forum 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... see more

TSX:MOZ - Post Discussion

Marathon Gold Corp > RE: Ignorance on the funding of a new mine.
View:
Post by Bosswood on May 22, 2020 9:45am

RE: Ignorance on the funding of a new mine.

It behoves me to say this but I see alot of childishness on this site regarding the financing approach taken by MOZ. How in the hell else are they supposed to raise capital? Take out bank loans?
I was to the February town hall in Millertown, and got to ask some straight and poingiant questions. The business plan is sound, and they need to raise capital. I see alot of small sellers chisiling at the share price to their own advantage. As I have read on some of the previous posting, if you don't like it . move on. Remember, there is FSX in Austrailia.
Comment by Ridgeback on May 22, 2020 10:33am
We all know what it takes to build a mine. We also know unless there is a takeover,J.V. or merger they will get a bank loan as well and lease agreements for equipent. What we don't know is how the new management team will progress to the point of financing, through streaming funds, bank loans and just how much dilution and management options will come into play before that happens. How would ...more  
Comment by redkeybox on May 22, 2020 12:35pm
I hear you Ridgeback. I still have hope for this stock but the recent developments with management changes and stock dilution have made me look at moving on from this one. Not liking much from Manson so far. If the gold price continues to push this stock and it gets anywhere north of $2 - Figure it will be time to cash in. 
Comment by Ridgeback on May 22, 2020 4:57pm
Marathon has so much going for them. Great for NFLD and I wish them all the Very Best for good jobs with a company that can deliver a solid plan . What Manson will do with Million Ounces ZZZ is and remains to be seen?  Safe area not a mother load but lots of blue sky ground so we have to see what the Blueberry Patch has to offer?  Thank's Phil /Sherry,others, you did well but the ...more  
Comment by theCurse on May 22, 2020 10:06pm
I agree RG.  Not exactly sure what the original poster meant by funding a new mine.  certainly none of these funds are directly for that. as far as the short sellers - could be normal short selling but i would think it's some new smaller PP participants getting their free warrants with a bit of a gain on the normal shares before they are even in their hands.   i believe ...more  
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