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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 > Average of $0.44
View:
Post by zack50 on Sep 23, 2022 11:39pm

Average of $0.44

One more go around on this...

My present holding is 50K shars of MOZ at an average purchase price of $0.44... as follows:

* 20000 @ $0.15 .... $3000
* 15000 @ $0,39 .... $5850
*  8000 @ $0.67 ....  $5360
*  7000 @ $1.14 ....  $7980

These 4 purchases were made between Nov/15 and Mar/17. All purchases were bought at or near the high price of the day... never did have much luck with hitting the lows.

This investment is being held in my TFSA... none of these shares have been sold. Thus, those 50K shares, at a total purchase price of $22190 equates to an average share price of ~$0.44. 

Now... since that total initial investment, I have as I stated, purchased MOZ shares... buying at the price examples (and others) that I presented in my previous post. Maybe I should say that buying/selling of those shares ocurs in a non-TFSA account.

AlwaysLong, I'm not sure why you can't fathom being able to buy/sell at the prices I presented... MOZ shares have traded in those ranges on a number of ocassions. So in terms of doubt and fathom... "have at it"... "fill yer boots".

My only regret is similiar to that of theCurse, and not selling my present (initial) TFSA holding when MOZ was trading above $3 on so many trading days in 2021... but alas, who knew!

As I stated previously... so much noise... that initial investment still sits in my TFSA (shoebox)... hopefully I'll (and you folks) will still get the chance to cash in at $3 or higher... fingers crossed.

I hear rain and wind... sounds like FIONA is just around the corner...time to hunker down!
Comment by AlwaysLong683 on Sep 24, 2022 6:54am
Just playing Devil's Advocate here. 1) You stated your purchases of MOZ shares inside your TFSA between November.2015 and March 2017 was $22,190, TFSA Contribution Limits for: 2015:  $10,000 2016:    $5,500 2017:    $5,500 THREE YEAR TFSA CONTRIBUTION LIMIT TOTAL:  $21,000 Thus, it appears you are claiming you invested your entire ...more  
Comment by zack50 on Sep 24, 2022 12:36pm
AlwaysLong, like I said in my previous post... "have at it"... "fill yer boots"... play the Devil's Advocate, lol. You are a little obsessive aren't you?! My statements are correct... doubt them, don't fathom them... do what you want with them. That's something I have no control over! As you are most likely aware, the TFSA officially came into effect in ...more  
Comment by givemeabreak1 on Sep 25, 2022 1:35am
Interesting tax free saving estimate but that assumes no profit for 3 years?  Personally i had almost triple the maximum by year 3!  Just saying!
Comment by givemeabreak1 on Sep 25, 2022 1:37am
So just to let you know my tax free savings is now just over 200k!  So I am not sure how you assign contribution room that is not in the early years to be some maximum input!