Bullboard - Stock Discussion Forum Marathon Gold Corp T.MOZ

Metals & Mining Gold

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

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Marathon Gold Corp > I’m looking to invest

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Post by TimeTooSoar on Oct 18, 2023 11:23am

I’m looking to invest

The question is can the cost overruns stop? looks like further dilution coming? Do they have enough cash to make it to the gold pour? will the stock pop after a financing announced? Should they just sell out?
lots of risks but that lies the opportunity.... any feed back on my questions?

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Comment by ppp on Oct 18, 2023 11:28am

LIQUIDITY AND FINANCIAL CONDITION The Company held $130,205 in cash and cash equivalents as at June 30, 2023 compared to $132,876 in cash and cash equivalents as at December 31, 2022. During the six months ended June 30, 2023, financing activities provided $120,719, investing activities used $100,650 and operations used $22,740 of cash. Cash used in operating activities was ...more

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Comment by ppp on Oct 18, 2023 11:43am

Term Loan: Sprott Resource Lending US$225M Dec 31, 2027 maturity + 6 months (Marathon discretion) Libor + 7.0% margin Production Linked Payment of US$17/oz on 1.6m oz No other commitment or arrangement fees. First US$50m drawn in Q1 2023 ...more

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