Marathon Gold Corp T.MOZ

RB sed:

[BGraham2]

........"Going into the New Year I won't be adding to MOZ, my position is increased to almost break even with last years drop."......

Thank you for stating clearly how this fiasco has affected your holdings here, i'm sure you were up big time on MOZ at some earlier point. I sincerely hope you get back to previous profit levels, and i think you certainly will but may take some time yet. We could all do well to listen to The Curse's mantra as he ocassionally states it here.



Top picks for this year for Au stocks are IAU which looks good and SKE albeit I am not adding just yet as I feel there will be some downside over the next three months. 

Downside in gold and gold stocks is definitely coming, but I maintain that the next three to six months will be strong for this sector and for markets in general. A blow off top is coming - just not yet for awhile - IMO gold will make new ATH's before significant downside - if this opinion is right there will be some sweet profit possibilities directly ahead - but they wont be booked without a sell order being filled. We gots to be more like Curse - maintain a healthy mistrust of the market and its big players - and sell yer holdings when decent profits are handed to us!

[Mustlovedogs01]

B2, Okay, great post. eom

[Ridgeback]

As for MOZ the long term looks positive and the short term for miners looks questionable due to negative feelings accross the board not related to miniing stocks. However in any downturn I would expect copper and gold producers to recover nicely and Marathon should see some of those analyst targets met providing there are no hiccups in the Moose pasture? Looking at Au and Ag I would put silver

[theCurse]

These words have be strung together in that order...never! "We gots to be more like Curse" Slushing back and forth now for months.  I would certainly be quite pleasantly surprised if there was any real movement anytime soon but maybe that sets up a contrarian view.  Perhaps it would have been wise to sell the recent surge to 1.20+ and leave this story behind.  Otherwise,

[Ridgeback]

Curse you always have some words of wisdom. Contrary I am. Most near term miners I follow and perhaps bad choices like SKE and IAU will all dilute shareholders to complete projects. Unavoidable these days. If one puts a few in the closet there may be a surprise at the end of this cycle.. Unless Soviets Pukton or North Korea Mr. Pinpong blows us up. I worry less about these mine builds vs what

[AlwaysLong683]

Junior explorers and those that have initiated a mine build typically need great news releases to pop the share price. Even those that have shown next to nothing can get a big shot in the arm if they produce news that surprises the market to the upside. If it's signficant enough, most of the bump in share price can stick. However, such a jump typically doesn't last as speculators buy and

[stockwatcher7]

This post has been removed in accordance with Community Policy

[Ridgeback]

Alwayslong,,,YAou sure have the penultimate address to the MOZ situation? Your Comment My own philosophy is high-quality management is key in these endeavours. MOZ's big bosses messed up the permitting process and underestimated costs which led to delays. Interest rates are significantly higher now than they were a year ago and inflation is still stubbornly high. Hopefully MOZ has locked in

[AlwaysLong683]

Was there not a need to re-submit environmental proposal(s) along with other delays in terms of target dates that were initially set then extended up to this point...? Are the guidelines for achieving such approvals not clearly outlined by the provincial / federal governments (including Newfoundland) as to what was/is required to attain such approval? It appears akin to a boss asking for

[newmoney14]

If you are interested in the quality of MOZ management, look no further than the history of Stornaway Diamonds in Quebec. nm