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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 Oregonduckon Mar 15, 2018 4:52pm
118 Views
Post# 27723438

What's Wrong

What's Wrong
Someone has the thumb on the scale, and not allowing the stock to go up despite Marimaca's 500 mt @ 0.06% Cu and its massive land holdings as have been peddled and touted to the speculators. "Spoofing" is also suspected given someone had put up for sale 1.45 million shares - and on other occasions huge wall of stock - but quickly yanked them away. Spoofing is an illegal type of market manipulation that works like bluffing: A trader places big orders for stocks, bonds or futures to get others to think the price is going up or down. Then, in the blink of an eye, the spoofer cancels those orders...As for going forward, CORO bought the La Atomica and Naguagan properties. They are done deals. CORO has to come up with UDSD$500,000 and $300,000 installments respectively by Aug. & Oct. or they lose their claims & deposits. They recently raised USD$8.0 million in 2 separate loans for working capital to pay salaries, overheads and drilling expense. They will have to go back to the well again to buy the SM claims costing USD$6.0 million. Shareholders will be staring at another massive dilution, or have the Company levered to the hilt with another high-interest loan from Greenstone. Whoosh...What's that giant sucking sound you hear? Well, it is money going out of the Company. CORO is a money addict and best way will be to terminate its dependency and take it to the back of the shack, or get it sold before it gets into a death spiral. Shareholders should rejoice and praise their gods if that happened. Hammer down $0.18-0.20 SOLD !!!
Bullboard Posts