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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 Dec 15, 2024 12:36pm
48 Views
Post# 36363116

RE:RE:RE:RE:Sad state of affairs

RE:RE:RE:RE:Sad state of affairsAgree that advertising works. Especially hitting well read publications such as 321 Gold and Kitco ect: ect: There are many out there. Pay for usage, get some good interviews with management outlining their strategies to grow the company and the stock would soon take off.

What does this achieve, a higher share price, less dilution. Attracting bigger players to the company which enhances share flows and increases the spotlight on how de-risked and ready this company is to grow. Very few investors look at 5 cent stocks due to the legacy that many get delisted.

Then in the future as revenue grows a share roll back can be considered again or plow a percentage of profits back into share buy backs. That last point is imperative as it shows management is serious about letting their investors profit from the growth. Something SGNL should have done long ago. Now look at them !

Time companies stopped looking at dilution as a cash cow and consider ways not to dilute holdings.

Have found over the years many managers of junior explorers are terrible accountants and even worse at promoting what they have. That's why certain jobs have to be delegated to the correct institutions both financial and promotional.
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