Marathon Gold Corp T.MOZ

The Wizard of MOZ

[AlwaysLong683]

The main reason I am hesitant to invest in this name is because CEO Matt Manson did not step down as CEO after mistakes in the permitting process which required re-submission, the extra equity raises at low prices required to shore up project funding, etc. Good management is key for me, so management that makes significant errors like this is usually a dealbreaker for me no matter how cheap a stock appears to be.

Food for thought:

1) Great Bear Resources just drilled and assayed for years, then got taken out by Kinross at a nice premium. Simple way to make a good buck. MOZ decided against this approach.

2) Sabina made a decsions to build a mine themselves, loaded up with debt and equity financing, permitting, etc. and is currently at about the same stage of a mine and mill build as MOZ, but recently announced it was being taken out by B2Gold. So MOZ could be taken out even at this stage.

3) MOZ's share price could rise by a significant amount provided the mine build proceeds to completion on time and on budget. Conversely, if they need to raise more money or delay their target date for first pour, the share price could take quite a hit, especially given the bumps in the road that have already taken place.

4) Perhaps MOZ could use an activist investor that accumulates a signficant % of total shares outstanding and demands a seat on the BOD and replacement of Manson. This is quite possible as there are entities that look for undervalued companies they believe can be quite profitable if pressured to change personnel, get things on track, and maybe put the company up for sale.  According to Simply Wall St., insiders only own a pitiful 1.5% of the shares outstanding with Insititutions owning about 43% and the general public the other 56%, so this company would be tailor-made for an activist investor if any would like to step up to the plate.

This stock would be very tempting to me if an established activist investor came aboard and delcared he/she/it was going push for changes.

[Ridgeback]

Good wishfull thinking, hope some of it would come true. However to be hesitant which I'm not, adding shares is perhaps the right thing for you but this is risk reward in my books is to the plus side? I would say that if MOZ were taken out today there would be a lot of folks whining here just like the Sabina BB. You never get what you think would be fair value and everyone shouts at how bad

[AlwaysLong683]

Nice commentary Ridge. You seem to be a rarity on these BBs - a rational person who presents civil posts / responses even if you may not agree.  I concur with your view that those who whine about "lowball" takeout offers tend to not look at the full picture or the possible / likely fallout if such an offer is rejected. I suspect these people bought near the highs, didn't

[Mustlovedogs01]

Ridge, is that another AKA for you?  How are the insiders feeling today?  I too welcome a buyout, but, if it is refused...so?  What the price will drop?  Really?!!!  Ridge, will you autograph my book please?  JMO. Funny

[Ridgeback]

Hi Dog! you posted. Ridge, is that another AKA for you?  How are the insiders feeling today?  I too welcome a buyout, but, if it is refused...so?  What the price will drop?  Really?!!!  Ridge, will you autograph my book please?  JMO. Funny Just me not other posters. Perhaps I am you, the alter ego and posting? OK Bruce Wayne alias the Joker Mustlove and the

[Ridgeback]

I looked at the Atlantic operation several times. Plus other St Barbara sites. These guys are high cost producers all in cost over $1700 per ounce and Atlantic has been flop for them due to lack of permitting on some sites in N.S.. Poor cash flow. At Atlantic Operations, we produced 61,151 ounces of gold at an average milled grade of 0.75g/t Au and an AISC of A$1,720 per ounce.  Whomever