Marimaca Copper Corp T.MARI

Base Shelf Prospectus $100M

[Skater]

Preliminary Short Form Base Shelf Prospectus filed today on Sedar to raise up to $100M.  Interesting.

[micromike]

Now it makes sense why the shares are stuck in a rut. I would think the owners are going to be heavily involved in this one. The owners still haven't reported what they picked up in the latest financing. I just checked out the website and it sucks big time. I can't find that nice presentation that broke everything down. Time to hire a new web designer and they might as well get a new PR

[tonyabou]

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[fundinvestor]

That's absolutely correct tonyabou - the shelf prospectus is filed just to make things easier going forward. I believe one wasn't filed before this last raising, and that did hamstring the management and reduce options. So this is just forward focused planning. 

[tonyabou]

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[micromike]

I never said it was a bad thing.I said I hope they don’t plan on building a mine. The warrants don’t expire until 2 years from now so you don’t need the cash to purchase them. It doesn’t make sense to sell your $3.15 shares for a 10 or 15 cent profit. I’ve only seen one 10K sell from Canacord and some small stuff.  I haven’t seen much from the syndicate of underwriters but maybe I missed the

[tonyabou]

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[Elvisimpress1]

I think they have a very good understanding of what they have in the ground and their fully armed and ready to go now! One more news release before the holidays to cheer everyone up! JMO CHEERS

[micromike]

They just closed a 29Mil financing. I do believe they have enough cash for future drilling. So it’s not for drilling. My only guess is that they want to buy something. Land makes sense to me. I could be wrong and they don't intend to do anything.  I’ll have to sit back and wait and see what they are up to. MM