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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. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.


TSX:MARI - Post by User

Bullboard Posts
Comment by micromikeon Sep 29, 2016 9:12am
89 Views
Post# 25289687

RE:RE:RE:RE:RE:Trading

RE:RE:RE:RE:RE:Trading Tony, we will agree to disagree. The shares tanked big time just before he announced publicly that he was stepping down and then just a bit more after it became public knowledge. I think it was like a week before he announced it publicly. I know the junior market is down but the timing seems like somebody knew ahead of time as usual. There is always leakage. Investors don't like it when a top executive steps down unexpectly. If they said a year ago that he was was going to retire say in a year and they are actively looking for a replacement then this wouldn't be a surprise to investors.
 
The other intereting point is that he is a consultant but legally he has no real control on the company. As long he is respected by the board then he does have some control through them.
 
MM
Bullboard Posts