Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

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%).

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Maritime Resources Corp > 2018….Ananconda makes Takeover offer for Maritime

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Comment by nozzpackon Nov 04, 2023 12:06pm

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Post# 35717422

RE:RE:RE:2018….Ananconda makes Takeover offer for Maritime

These are typical problems with Investment types stocks.
They usually trade at 40-50% discount to NAV and that NAV can quickly go south if their investments suddenly hit a rough patch.

So, substantial capital gains are elusive with those types of investments which Is why I avoid them altogether .

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