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Bullboard - Stock Discussion Forum 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... see more

TSX:MARI - Post Discussion

Marimaca Copper Corp > Starting to have trouble seeing an exit strategy
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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/
Comment by micromike on Dec 13, 2022 10:07pm
The exit strategy has never change for me. We get bought out.I can’t see a big fish buying them until the permit is issued. Need the mining permit which hopefully happens next year. The volume has jumped big time considering the lack luster volume we’ve had in the past. Some larger blocks are moving into new hands.  The only risk I see is the government screwing up the permit or they are ...more  
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