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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

Post by Hiezenbergon Jan 16, 2024 4:42pm
127 Views
Post# 35829974

Thoughts on todays activity

Thoughts on todays activityWell the volume is obviously massive, relatively speaking.  The stock did recover by the end of the day. I think a lot of the selling was by CIBC?? (Not cannaccord, like the previous days). Could be someone liquidating a big position... my guess is that there is a private placement happening and the houses are trying to bring the price down in order to get a better price on the private placement. Of course this is just a wild guess. Not sure what else could it be... what do you guys think ? Fundamentally nothing has changed in the company, other than a new discovery as reported yesterday. Have not heard anything bad coming from Chile as far the the politics are concerned. Curious to hear other people's thoughts on this. 
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