Marimaca Copper Corp T.MARI

Alternate Symbol(s): MARIF

Metals & Mining Copper

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.

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Marimaca Copper Corp

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Comment by Oregonduckon Feb 27, 2018 11:17pm

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Post# 27633747

RE:RE:Strategic Review

grossmrkup wrote: You're part way right Oregonduck. The strategic review refers to an evaluation of the Berta project and the assets held by SCM Berta and how to best maximize a return on that investment. Whether to proceed with its development or whether to divest COP of the Berta subsidiary and to focus the companies efforts on Marimaca exclusively. There was a lengthy discussion about this in the Coro Telegram group yesterday and today. https://telegram.org Hit me up if you want an invite. G

Thanks, but it doesn't make a whole lot of sense if Management is jettisoning Berta operations and, at the same time, will utilize part of the USD$5.0 million loan for Berta, and to quote,"...The proceeds of the loan will be used for both general working capital at Coro and SCMB Berta." Coro will not get much for its 65% owned Berta @ 5 ktpa Cu production. Nothing said about whether or not SM claims transaction will close. The $3.0 million loan Coro got a short while ago was intended for working capital. But, the $5.0 million loan announced today is again said to be partly for working capitaI.I would expect the new money is to buy the SM claims.

The stock market doesn't like what's happening and has concerns. A lot of questions about how they are going to maximize shareholders' value except through selling the Company's assets "en-bloc"... Why not just carry on in the normal course of business instead of highlighting Strategic Review in today's News Release?

This is just bad Investor Relations.

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