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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 NineLiveson Aug 18, 2024 1:11pm
73 Views
Post# 36184972

RE:RE:Be careful what you wish for

RE:RE:Be careful what you wish for

Shifty ???
Sorry you're totally wrong on that, I don't have any aliases and if you ever folllowed ANX now SGNL you would have seen my posts on that company over 20 years which is why I'm watching MAE seeing as how this whole area is interconnected.
If I listed all the stocks that consolidated and went lower in price you'd be covering literally 60% of the stocks still listed on the venture. Just take nearly any stock on the exchange listed for over 8 years and work backwards and you'll find each one has 2 to 3 consolidations. Yes there are some exceptions but they are not the norm.

Look at all the past consolidations MAE has done to prove my point.

So no I don't have any reason to belittle what MAE is attempting but past history needs to be broken  and a new path taken with a dymamic management team for them to succeed. 

The proof is in the pudding. Waiting for it to set.
Latest financials are up on SEDAR, will check the expenses when I have time.

If by Christmas they can produce a viable P/L with actual mined Gold sales and reasonable AICS then great they succeded, which also means it would be worth investing in the company.

 

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