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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 baystock1on Oct 19, 2024 2:43pm
59 Views
Post# 36273235

RE:Dundee Forward Tax Loss Pools

RE:Dundee Forward Tax Loss Pools
>>
They may want to acquire more of Maritime for such forward tax pools.

Such massive tax loss pools would be even better served by acquiring other gold deposits such as Big Ridge or by mergers with, say, Firefly.

Or acquire PALI and its 44 m NFG shares and activating the Tolling Mou.

So, we are very well positioned to expect considerable expansion of our share price, with Dundee now fully energerized to repeat its remarkable performance in the previous bull cycle .
<<

Both MAE's CEO and Chairmain were put there by Dundee so we know where their loyalties are. 
Its in Dundee's interest to buy up 100% of MAE for as low a price as possible. So Dundee could be scheming to take MAE private, say at 10 cents. Or they could be planning another equity raise at a low share price where they take most of the shares, like the last round. Its not clear to me that Dundee's interests in MAE are aligned with that of the minority shareholders.
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