Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Oregonduckon Mar 29, 2017 5:26pm
152 Views
Post# 26048749

Dead Speed Ahead

Dead Speed Ahead
Stock ain't going nowhere pending the crystallization of the PP with shareholders' approval...The latest audited year-end statements ending Dec. 31, 2016 show that the Company has "quick assets" of about US$2 million and no long-term debts. There are 34 million options outstanding incl. 27 million options exercisable at the weighted average cost of 4 cents...Good incentive for Management to pump up the stock or sell the Co. since they would be enriched...It is also interesting to note that out of the 10 million warrants exercisable at $0.15 in Dec./16 and Jan./17, only 2 million warrants were actually exercised for $300,000, the other 8 million warrants were left to expire worthless by warrant holders. I believe the Co. held it down at around $0.15. If they had wanted to they could have pushed the stock price up to over $0.20 to entice exercise. I speculate Greenstone was working on this latest $16.5 million deal and the Co. didn't need the extra $1.2 million from all those warrant holders. Call me a cynic.
Bullboard Posts