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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 > To repeat the question
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Post by templetooth2 on Aug 25, 2022 7:56pm

To repeat the question

Sorry, future drill results are meaningless unless Fort Knox suddenly gets moved 20 degrees northeast.

Does no one on this board care to GUESS the amount of the equity raise?

As I posited earlier, the range appears to be from $75 million to $260 million. Could drive a truck through that estimate range. Which is why it's so important to the stock price: at $1.60 per share, a modest discount to today's price, we're looking at at 47 million to 162 million additional shares on top of the current 270 million shares. So that's 17% - 60% further dilution.

Again, guesses??
Comment by theCurse on Aug 25, 2022 8:31pm
Exactly.  Somebody bid on this outfit and put us out of that dilution misery. Sitting around another couple of years - listening to the likes of phd thesis guy telling us "which way the wind was blowing yesterday" and "know what you own" riddler dude (or dudes - the guy uses 2 user names) wetf that means.  I'm back to being fine with 2.50 tomorrow and walking away ...more  
Comment by BGraham2 on Aug 26, 2022 9:08am
Too right TC, too right!
Comment by DaveinNL8 on Aug 26, 2022 9:56am
So we go from $3000 gold any day now to maybe the end of the year, as well as predictions for the past 10 months of share price soaring after Fed Environmental okay to 1 day after the decision it’s now “dead money”. I’m beginning to believe there’s a correlation between the opinions on this board and my grandchild’s diaper change. It’s forever changing it’s and full of sh*t.
Comment by Ridgeback on Aug 26, 2022 10:44am
That's a good point. Devlin my diaper is still dry. I also see what Metalhead has in mind. The fact is all the Au stocks are down and so is the investor sentiment at the moment. Comparing the companies on my books and watch list, all are down today as investors wait to see what happens with Powel in the USA today and coming months.  Stocks like I80, SKE have great potential just ...more  
Comment by metalhead666 on Aug 26, 2022 11:17am
Don't over think this.....The FED made it perfectly clear...they will be relentless in hiking rates and running off their balance sheet....full stop....they will do this until something breaks which it will.  They will be forced in the not too distant future to "pivot" and things globally will be so bad by then they'll have to drive rates back to zero.....Treasuries will ...more  
Comment by Angelique01 on Aug 26, 2022 6:30pm
Anybody that thinks they know what will happen is full of $hit.
Comment by theCurse on Aug 26, 2022 10:30pm
Even worse are those who are *sure* they know what will happen.  Not a lot of fun to have a conversation with as they usually have *sure* opinion on any topic. tC
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