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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

Comment by shiftyoneon Aug 07, 2024 7:27pm
61 Views
Post# 36168577

RE:Nozz.... re:for someone who holds a boatload of shares.

RE:Nozz.... re:for someone who holds a boatload of shares.ps.  the person who invested in a million shares,  they can make $400 off the transaction.  But if they bought the million shares at .04, or $40 000, but can sell them for .035.  They are down $5000, minus the $400 they made without including fees.

So that $40 000 investment at .04, already cost them almost $5000 .  Maybe if they hold things will get better.  But until that rights offering is done in Sept, I don't see how the price goes up.  Unless of course they get a buyout offer at .06.  Where Dundee would still be allowed to finalize the transaction.

I just don't get it, but I'm trying to learn.
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