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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 shiftyoneon Jun 24, 2024 12:16am
128 Views
Post# 36102724

One thing that they have been great at

One thing that they have been great atIs raising enough money, dilutining the shareholders like crazy, so they could continue paying managment half milliom dollar salaries.

The rest is all talk.  All the great ideas I hear are just ideas.  There is nothing from the company in terms of actually making progress on anything.  Just the fact they bought pointe rousse, and some posters talking about what is going to happen.  But it never happens.  it's been like that for years.

That is the history.  I hope management can  show me something concrete.  

If they don't, and the markets in general go down.  This will not be a $40 million dollar company..  This willl be one of the first stocks that people sell.  The price of gold doesn't matter.
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