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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 Nov 14, 2024 4:20pm
29 Views
Post# 36313566

RE:RE:RE:RE:RE:Maritime Does not need to raise money

RE:RE:RE:RE:RE:Maritime Does not need to raise money You weren't responding to me I don't think. But I normally post the negatives on stocks that I own.  The possible downsides, or obstacles that could keep a stock from rising.

I always look at what could go wrong with penny stocks as much as I look at what could go right.
Protecting capital is important to me.  And so I share my concerns.

It's a game.   I hope we are all here to help each other to make money.

Stocks that I am happy with.... I rarely post at all and you would not know that I own them.

When I post, and say that I own a particular stock.  This one being my biggest holding.  ( I only started playing 20 months ago with a $10 000 budget to gamble with.)j  Thankfully I am up.  But if I lose a lot, I could be out of the game pretty quick.  That's why preserving capital is important to me.

I bought SGNL recently at 0.08.  I sold today at a loss at 0.075,  Because something didn't feel right to me.  I probably sold at the all time low.  But...I feel that if the merger goes through, the stock should go up.  Right now NEXG and SGNL are suffering.  That concerns me owning SGNL.  I can buy it again when I am more comfortable.

MAE I am holding.  And I did exercise my rights to increase my holding by 40%.  And I think that the future should be bright someday.  But that is not all up to MAE...  it is up to the markets in general, the junior exploration market, firefly, nfg.   
That money that is supposed to last until end of 2025 someone said.  Well I think they might have about a $7 million dollar Cdn note that is due in the summer of 2025.  So they do not have the funds to survive until the end of 2025.

It is possible that they start milling some gold to bring in some revenue.  it is possible someone will want a tolling agreement.  it is possible that if they spend every penny they have on milling the stockpiles in the next month, they could begin to get revenue in Feb or so.

My showing support in this company is in the fact that I own it, I've continued to own it since I bought it, and have increased my position.

That does not mean that I love the way things are going all the time.  It doesn't mean that I support giving Dundee control at 0.034 cents a share.  It doesn't mean that I support the lack of communication from the company.  I don't support the lack of promotion.

So I'm negative you could say.  Or sometimes I disagree with a posters comments, and will give my opinion.
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