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Bullboard - Stock Discussion Forum Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of... see more

TSX:MARI - Post Discussion

Marimaca Copper Corp > Possibly time to start shorting this
View:
Post by Tree2tree on Apr 23, 2021 12:57pm

Possibly time to start shorting this

Speculative investors are getting too excited and taking the market cap too high at this stage of exploration.

(I know, the believers will jump up to defend their baby...)
Comment by allaboutvalue on Apr 23, 2021 1:07pm
Be my guest, short it if you can find any to borrow, that's what makes a market a market. Watch out for picking up pennies in front of a steamroller. You didn't like it at $4.50 a week ago. Maybe you will like it even less at $7+ in a few months.
Comment by fundinvestor on Apr 23, 2021 1:12pm
You're more than welcome. But been careful.  Also remember it's not an exploration stock. It's already got a defined asset. And the asset is the best in peer group. The exploration is a plus. Possibly a big plus!
Comment by Nodga2000 on Apr 23, 2021 3:50pm
How's the shorting going? :D
Comment by Tree2tree on May 03, 2021 12:44pm
I have never shorted any stock, I was just sharing my observation that the market cap was getting ahead of the project status.  They talked about a new drill target and some rock chips, and the share price went up over half a dollar.  In my humble opinion, that is a sign of enthusiasm and emotion, not analysis.  Maybe I should have said, "consider locking in some profits." ...more  
Comment by CG2021 on May 03, 2021 2:38pm
No one is scratching their head. I was scratching somewhere else but that is for another time ...  I was actually adding today i did not expect it to hit my price but it did couldn't land much because share went up and down but got some so I'm happy. Day is not over we will see what happens...
Comment by grossmrkup on Apr 23, 2021 1:10pm
Please short it today with drill results due next week. :)
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