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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. It controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Company owns mineral processing assets in the Baie Verte mining district, which include the Pine Cove mill and the Nugget Pond gold circuit. It also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its land holding, across all its properties, covers an area of approximately 43,925 hectares, of which the Company holds a 100% mineral rights interest in 37,050 hectares with the remaining 2,175 hectares under option agreements (100%).


TSXV:MAE - Post by User

Bullboard Posts
Comment by MineNL1on Dec 07, 2019 10:56am
99 Views
Post# 30431996

RE:RE:So where r they now.............

RE:RE:So where r they now.............I have to agree with TBC on this.
       Mae is not a quick return, I would know as I have carried this stock since 2016.  PFS due before year end, excellent high grade projects.  Turning down the ANX offer was a good long term move, now we have options.  You always have the ability to make a deal but you cannot come back.  ANX has only gotten more desperate for mill feed in NL putting Mae in a stronger negotiating position.  Due to Anacondas weak performance on the stock market they would have to give up much more ownership in the company to buyout Maritime shareholders at this stage.  With the PFS and additional discoveries Maritime has appreciated in intrinsic value while Anaconda has been on the decline.  As TBC said if you disagree put your money where your mouth is and take a short position. 
Bullboard Posts