Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

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

Maritime Resources Corp > Reverse Split or Share Consolidation or Share Rollback

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Nov 27, 2023 4:05pm

69 Views

Post# 35755074

RE:RE:RE:RE:RE:Reverse Split or Share Consolidation or Share Rollback

Of course.
Lets take an example of the penny investor .
At 0.055 there are 525000 shares for sale by 15 offers.

So, about 35,000 shares per offer which is about $1800 average investments .
So if they net 2 cents , they make $700 profit .

We don't need those penny investors which clutter the bids and offers but we need serious investors which won't come near a 4 or 5 cent penny.

I think a 1 for 5 or 6 would get us above $0.50 post consolidated very quickly.

You must remember that 4-5 large shareholders here hold close to 40% of the shares.
They will do what is right without taking a haircut..

<< Previous

Bullboard Posts

Next >>

Breakout: An antimicrobial biotechnology quietly building success