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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. It also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.


TSXV:MAE - Post by User

Bullboard Posts
Post by therageron May 27, 2020 7:44am
201 Views
Post# 31076714

"DILUTIVE TAKEUNDER"

"DILUTIVE TAKEUNDER"What is going on with MAE is best described as a "Dilutive Takeunder". A takeunder is an offer to purchase a public company at a price per share that is less than the current market price. Isn't that effectively what is going on here albeit not through open market purchases but through dilutive financings?  The finacings over the past few years have been accomplished during periods of market weakness. The share count has gone up by over a third in the last 2 to 3 years.  That means the percentage of shares we own has gone down by a third.  The next thing you know Jonathan Goodman at Dundee will offer some real attractive debt terms which the comapny won't be able to repay and then Mr. Goodman will accomplish his real goal which is to STEAL this company.  Wake up peope and realize what is really happening here!!!!
Bullboard Posts