Marathon Gold Corp T.MOZ

What’s the consensus here?

[Benedictus]

I'm in this deal from the CXB side. I like this merger a lot but obviously I'm biased. So I just wanted to get an idea of the shareholder consensus over here? Are most of you all voting for this merger or against?

[Ridgeback]

Benedictus  All I can say is Espiritus Sanctus, redeem us from our solemn hour on Blue Monday. Insanity is all around us and it won't matter a hill of beans or a stack of bibles the devil has done his work and CXB will own Marathon according to the gospel of Manson which says Its better to give than receive and that's what CXB got from Marathon Shareholders.

[Benedictus]

Can you clarify what the ceo has done so poorly? I see so many shareholders criticizing CXB management solely because the sp is stalled regardless of what management has achieved "under the hood".  Just trying to get a sense of the Marathon back story and whether any of the team are transitioning to Calibre. 

[stockwatcher7]

This post has been removed in accordance with Community Policy

[Ridgeback]

There is nothing wrong with CXB management they have done well. CXB shares are not stalled anymore then other mining stocks and like CXB many are undervalued out of favour at the moment. CBX is one of the most undervalued miners and that will change regardless of the MOZ deal. As for Marathon, when a company is this close to the goal post it negates all the past efforts of previous management to

[Benedictus]

All fair points. At current spot and the potential for further reduced payback on this project, hitching themselves to CXB is a bit of mystery to me. Initially it made me wonder if perhaps the build was going to be over budget or late and I have noted a shift from Q1 in the slide decks to Ryan's promo chats mentioning H1, so perhaps a 3 month delay to first production? Regardless, while I

[Ridgeback]

Benedictus.   We'll see in a few more days or hours how well conceived this merger may be received by shareholders and analysts. I don't think this merger with CXB was just coincidence last word on that. So bottom line don't count the CBX Golden eggs until the rooster land in the barnyard? Here's my outlook. CXB has a large share issue not sure what this merger will

[stopedout]

I voted against and now I am voting with my feet. I am out. No interest in CXB garbage assets.

[karead]

"No interest in CXB garbage assets." LOL... tha's hilarious. It is CXB's "garbage assets" that allowed them to aquire your premium asset!

[stockwatcher7]

This post has been removed in accordance with Community Policy

[Benedictus]

We'll have to see about a r/s. The merged company will have 750M o/s. By comparison, peers seem to range between 200 - 400M, so perhaps a 2 or 3:1. Ideally 200 - 250M o/s, plenty for ample daily liquidity. In terms of an inevitable buyout, that's the reason I bought CXB. I was fortunate enough to hold Kirkland Lake prior to the Newmarket merger. I held post merger and saw a very good

[Ridgeback]

At a special meeting of shareholders held earlier today, Calibre Mining Corp. shareholders voted overwhelmingly in favour of the resolution approving the issuance of up to 315,664,294 common shares of Calibre in connection with the proposed acquisition of Marathon Gold Corp. by way of a plan of arrangement as well as the resolution approving an amendment to the maximum number of Calibre

[karead]

Lots of other miners with large share counts. Not sure why you think it would matter in this case. 

[Ridgeback]

Yes some miners do well with higher share counts for various reasons.The reason for not liking a high share count is this. Taking Marathon as an example while the share count grew they still had a large institutional following and the number was acceptable to those ineven with their excellent results they had a much lower commitment by larger investors perhaps due to location which is not for

[geezer21]

It is not the absolute number of shares that matter but the valauations/share that matter. While the number of shares have doubled with the merger the intrinsic asset valuations of the aggregate total number of shares has remained the same or even imporved with the advantages the merger brings.  The stock market has been grossly undervaluaing the intrinsic asset values of  both CXB and

[Ridgeback]

Geezer my guess is $1.00 for CXB.

[geezer21]

Guessing means nothing.  Seach "intrinsic value, Warren Buffit" and he will tell you how to caculate intrinsic value.

[JayBanks]

Similar attitude and similar peeps to what's on CEO app good sir...