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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

Post by micromikeon Jan 14, 2021 11:00am
183 Views
Post# 32293924

I Can't Figure Out The Trading

I Can't Figure Out The TradingI thought last week we were going to start moving out of the $3.30 to $3.5 range. I’ve been watching who’s been trading and market depth.

I haven’t seen much selling from the underwriter companies who did the financing. My guess is that who bought the financing is not really keeping the price down.

I see lately Leede Jones Gable Inc. has been a big seller. Yesterday and today they sold around 16K for about 55K in cash. I’m thinking it’s one person since the trades are continuous.

Market depth - There has been a large order at 26.5K @ $3.50 - 3 orders since last week. So far we haven’t traded at that level. Today I see a big buy order 33K @ $3.37. I wondering if that’s a fake bid to try and make the stock move up. I don’t think we have day traders here but who knows.

If we were a penny stock then the latest news on the new drilling would have made the stock move but it didn’t.

I think we need to trade above $3.50 by week’s end to get things moving out of this rut but that is just a wild guess.




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