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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

Post by DoumDiDoumon Nov 06, 2023 8:28am
138 Views
Post# 35718957

Cheerleaders

CheerleadersHey all! It's been a while since we've seen that action on the bullboard! First of all, I'm a shareholder of Maritimes but my largest holding is with Signal Gold. I do not want to break your dreaming thread here BUT I just want to say that I'm seeing the same type of "cheerleading" posts than what some here are reporting for SGNL board. Just saying :-)

The regulars know that I was a fervent supporter of the MAE-ANX merge at the time (and so was Jayant Bhandari and his group). And I was still in favor of it until the selling of Point-Rousse assets to MAE.  I will not rambler about it again as it did not happen but just want to be "realistic" about things here (as I am with SGNL or any other investments I have).

When I see things like "MAE will buy SGNL", well I think emotions are being involved and that it's not a good thing in investment. Do not forget that SGNL is a shareholder of MAE... not the opposite. And SGNL wants MAE to succeed (so do I) as the 24M shares will be worth much more than $1M. Do not forget also that we (MAE) got diluted as hell by the current management (and Dundee) with currently 545M shares out. That's why I'm bitter about management. 

Acquiring Point-Rousse was a nice move for MAE and changed my perspective for my investment in MAE : I wanted to sell my position at 6.5 cents but now I want to see what will happen with that company. But I'm pretty careful about all the "dreaming" vibe we can read here as I do not trust Dundee at all as they were the ones getting all these cheap shares while my piece of the pie got diluted as hell.

GLTA but be careful about the cheerleaders here!  :-) 
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