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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. This area is referred to as the Marimaca District.


TSX:MARI - Post by User

Comment by grossmrkupon Mar 17, 2021 12:55pm
116 Views
Post# 32817103

RE:RE:Big volume

RE:RE:Big volumeI've got a hunch that the move of 1 million share was strategic in nature.  The majority share holders are positioning themsleves for the eventual buyout and likely bringing in partners early on who can assist maximize value.  By transfering some shares that new buyer now has skin in the game and an incentive to help maximize value.  Its the only thing that makes sense with a trade like that.

G
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