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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
Post by micromikeon Nov 08, 2016 5:34pm
117 Views
Post# 25438703

Copper's Hot Coro's Not

Copper's Hot Coro's NotSomebody at TD is dumping but not panicking this time around. They are doing a slow controlled dump. Last 3 trades @ 13.5 cents was TD. There is 209K left now. This morning there was like 10K or so @ 14.5 cents. Now there is 350K @ 14.5 cents. Somebody or a few people @ TD or somewhere else wants out.
 
Copper is on fire and somebody or a few people want out of COP. Something doesn't add up but sooner or later we'll find out what's going on.
 
I'm just grasping at straws but I'm guessing they have big issues with the Berta plant and so far we haven't seen any commercial production. They need more financing down the road so the share count is going to go up big time. I don't see  20 cent finance in the future.
 
MM
Bullboard Posts