Post by
grossmrkup on Dec 12, 2022 9:17pm
Starting to have trouble seeing an exit strategy
Resource doubles.
Drill results all to the upside.
Huge exploration upside.
Massive derisking complete through metallurgy and water.
Copper almost at $4.00 and everyone predicting it to go higher.
We are trading lower than where we were two years ago.
With all the good news how is anyone invested here going to see a return on investment?
Might be time to stop dreaming and just move on to another play. The market doesn't like Marimaca so there is no way to make money on this play. We could have the best thing since sliced bread but with no one buying there's no way to make money here.
Comment by
Elvisimpress2 on Dec 13, 2022 9:46am
I totally get your frustration....we have to wait a little longer unfortunately. I'm hoping for a buyout but if they opt to being a copper producer it might turn out better! I've been a shareholder for a long time and want to see it through.... Cheers
Comment by
fundinvestor on Dec 13, 2022 3:36pm
Yup, frustrating. But think the exit strategy is simple. Just hold and wait. Best asset in class. It will be bought. Can't tell you when and at what price. No visibility. But the price will be higher than here. Maybe much higher. Maybe much MUCH higher. We have a copper market on the boil. This asset trades. Intra day trade prices basically don't matter.
Comment by
Woodman601 on Dec 13, 2022 6:30pm
Maybe this guy can help https://www.mining.com/web/tecks-new-ceo-looks-to-tap-cash-from-coal-to-fuel-copper-expansion/