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.

TSX:MARI - Post by User

Marimaca Copper Corp

Bullboard Posts

Post by Oregonduckon Apr 05, 2018 12:56pm

65 Views

Post# 27836898

I Bet Dilution Coming !!!

Expect another private placement - my guess - at $0.11 per share. No minority shareholders voting would be required if shares are issued above the last trading price. Hence, walking the stock down a notch.

Is dilution bad? Not according to one of the golden rules by the recently departed Peter Munk who said:

Dilute every time you can get equity for more than book value.

Coro Mining is worth $0.03 per share book value. So, it would be accretive to its equity base to dilute the hell out of the stock if you agree with Munk.

Don't jump yet.

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