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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
Comment by Oregonduckon Aug 08, 2018 6:43pm
63 Views
Post# 28430408

RE:RE:Impressive Stock Showing

RE:RE:Impressive Stock Showing
Skater wrote: So if I understand it correctly, holders as of August 22 will be eligible for the rights.  But will there be a selloff after that date to either buy the rights or maintain a similar holding?  at the current price, i would assume most would exercise on the rights so i wouldn't think there would be much for Tembo to average down with, other than the 100 million shares they already have - they buy at 12, use the rights to buy at 5, average out at .085, maybe even 7.5-8 with additional purchases.  If the price holds at .10 they still pick up a 30-40% return.  Easy peasy.  These guys know how to make money.  Still hope they'll run it back to the mid-teens again...



Bullboard Posts