Marathon Gold Corp T.MOZ

I Suspect The Market Will Punish MOZ For Quite Some Time Now

[AlwaysLong683]

Monday, September 12:

7:30 am (before market open):
PR providing infill assay results. Nothing to see here folks....everything is fine....

3:24 pm (36 minutes before market close):
Surprise!
PR announcing trading halt.

3:47 pm (13 minutes before market close):
PR announcing $150M Bought Deal Financing @ 1.10 per unit consisting of 1 share and 1/2 a warrant (strike price of 1.35 for 24 months)

Have a nice night.

So, a head-fake with the assay PR released before market open followed by a trading halt and desperation equity raise just before market close. Current and potential investors love this kind of stuff.


Best hope now is for the price of gold to go on a tear and lift all boats because I think MOZ will be in the doghouse for a while as far as the market is concerned.

[metalhead666]

1. Shocking escalation in costs well in excess of anything I've seen from any other miner.  MISS 2. Infill results that were a whole lot of nothing.  MISS 3. Dramatic dilution with the stock at multi year lows.  MISS 4. Extension of time to first pour. MISS Gold mining is THE WORST possible business to engage in. They constantly eat their seed corn, plow any earnings back

[NLMoose]

Its no wonder why Marathon Gold is now "Flop of the Year" as the share price lost over 70% of its peak value, mostly due to poor cost control, managerial impotence, and managerial stupidity in getting private placements for financing which has no tax benefits as opposed to debt financing which actually saves money as a result of being tax deductible and reducing "Weighted Average