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 12, 2018 3:53pm
131 Views
Post# 27702689

Short Runway to Take Flight or Crash

Short Runway to Take Flight or Crash
Greenstone had given the Company relief from financial disaster in 2016 when it agreed to accelerate conversion of its debenture into 100 million new shares@ $0.10 rather than $0.04 whereupon Greenstone would have secured 64% of Coro's stock. Alternatively, they could have forced the Company into bankruptcy as COP had no means to payoff Greenstone...Fast forward to now, in less than a year's time, Coro will face another precipice as there is no way it can pay off $8.0 million (US) in loans @15.0% that is costing the Company about $1.5 million (Can) in yearly interest expense alone...The handwriting is on the wall concerning the Strategic Review - keep the stock depressed so there is some meat left on the bone. Why? In any takeover or LBO, the acquirer has to offer a reasonable premium over the market price or could face oppression remedy. It is well settled in takeover law that for a public company, any takeover offer will be considered equitable provided there is a "reasonable" premium over the market price. This stock is a P.O.S. by any other name, it still smells shitty.
Bullboard Posts