Marathon Gold Corp T.MOZ

Can this get any worse? Yup.

[sr500lover]

Here's what worries me.  See if this rings a sympathetic chord.

1. The market doesn't like golds, and junior golds in particular.  Boo freakin' hoo.
2. The management team has publicly disavowed any link between the Feas and reality.  I suspect they issued that PR in preparation for a financing that never happened, but it doesn't do much for nervous longs.  Or one in particular.
3. There's a massive overhang on the stock because there's a $200MM financing to be done.  
4. At the same time the managment team is spending a lot of precious cash on exploring Berry, which won't form part of the Feas revision, whenever that gets done.  And finalizing the formation of a big team to get going on the build.

So here we are, boys and girls and others:  zero traction for anything that MM and his crew have to say, a falling market on increasing volume, and a share price that almost certainly means somewhere in the nabe of 40% dilution IF THEY WERE TO FINANCE TODAY.  What's that, i hear you cry? "There's no way they'll finance at these prices"?  Sure, but the market can stay stupid much longer than they can stay solvent without busting up their team.  Moreover, i wonder with every share i hold that when you combine a higher discount rate; a gold price that at best is rangebound and at worst is looking longingly to the south; and input prices that look to be inflationary AF, do you have a viable project?  And I hold a LOT of shares.  That's a lot of wondering.

If they park this thing it's a 50 cent wonder and they are done.

[NineLives]

This happens every year May to end of July, like clockwork. Sell in May -go away. Rally August through February. Let's wait for the investor conference, it's tomorrow !