Marimaca Copper Corp T.MARI

Big volume

[Skater]

Cannaccord picked up 993,000 shares from Haywood, approx value $4.3M.  Don't know what it means, but that is a fair chunk of change...

[fundinvestor]

Brilliant! Love seeing blocks of shares trade. And especially at these high price. Whatever the case it's new shareholders coming in. 

[Skater]

Tembo was the seller of 1,000,000 shares @ $4.32, filed on Cdn insider.  Everyone has their reasons for selling, doesn't seem like its that positive when insiders selling, but flip side is someone picked up the $1,000,000...

[Skater]

sorry, meant 1,000,000 wihtout the $$ sign, $4,320,000 transaction.

[grossmrkup]

I've got a hunch that the move of 1 million share was strategic in nature.  The majority share holders are positioning themsleves for the eventual buyout and likely bringing in partners early on who can assist maximize value.  By transfering some shares that new buyer now has skin in the game and an incentive to help maximize value.  Its the only thing that makes sense with a

[micromike]

I wonder if it’s the same person who was in on the early Xmas present financing.   I did a fast estimate on what the cost of the last financing to the non participants would be on a hypothetical buy out price of $10 a share. We lost $1 in value. So that means instead of $10 we get a $9 valuation. I’m no accountant so those numbers could be out.  I can’t complain considering we could be

[fundinvestor]

I hear from a relable contact who knows them that they had a limited amount to sell. No shares will go near the market. Apparently they are future tax planning.  I know this connect so I take this as fact. I know this doesnt help the rest of you, but thought I would pass on.