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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 > No Vote
View:
Post by Inthepeg on Nov 29, 2023 12:08pm

No Vote

Is there any chance our retail no votes can stop this deal or at least improve the terms?

As it all settles in it becomes clearer that Manson put this deal together for the benefit of BOD & Management without any concern for shareholders.
Could explain why the Australian left ... not wanting to be part of ripping off shareholder.
Comment by JayBanks on Nov 29, 2023 2:00pm
  No, our retail votes are meaningless here and in most cases. You would need a few major insiders / holders to be agaisnt the deal, and no one I've seen is, most insiders and major holders got in under super favorable conditions pre 2017 in the early days of the company, of course for image purposes they wouldn't sell shares even when the company traded in the 3s, but this deal ...more  
Comment by Ridgeback on Nov 29, 2023 3:37pm
LOOOONG shot against Manson. Looking long term, the project in NFLD?CXB passes all points in Canada.  I would like to see how Manson moves on to his next shareholder compliment next venture, great reputation. Recall the last web cast when Manson said ( to  a Newfoundlander Share Holder ) we are a public company and I can't say we won't issue more shares. Never mind new shares ...more  
Comment by theCurse on Nov 29, 2023 7:28pm
No chance. Just the 60 cent PP alone killed any chance of something better than CXB coming along - and that includes even voting it down.  Manson made any other avenue toxic with the PP (plus cancel fee).  Never once bought a share with his own money.  time to move forward - salvage what is left.  instead of a possible $5-6 MOZ stuck we are looking at $2-3 outcome over the ...more  
Comment by brianjames on Nov 29, 2023 7:31pm
I would certainly take $2 to $3 at  this point. I'm hoping we might get  close to that by first pour.  BJ
Comment by FeartheReaper on Nov 30, 2023 8:07am
Your realist views are appreciated. I think that $2-3 outcome is reasonable. I consider that post-merger CXB, though, meaning $1.25-1.85/MOZ share.  It's tough to hold in the personal vitriol sometimes, like when I see Manson's updates on X. That EA disaster - so frustrating. Overall, though, that's mostly the desire to blame someone else for the fact that I was an idiot. " ...more  
Comment by Ridgeback on Nov 30, 2023 9:28am
We may see some upside next year from the takeover and lick our wounds. TD Au outlook Since our publication, weakness in the U.S. dollar has continued, with the tradeweighted index on pace for its largest monthly drop since last November. Presently at a three-month low, the index has dipped below its 200D moving average and a significant breach below would be bearish for the U.S. dollar and ...more  
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