Marimaca Copper Corp T.MARI

Capstone cashing up!

[grossmrkup]

Wonder what they need $300m for?

Interesting

[Elvisimpress2]

I wouldn't read into that other than they have a development in the same region. They need the money to further their own projects basically. Now if they raised a billion dollars then we might have something cooking....JMO CHEERS

[grossmrkup]

Nothing in Capstone financials or prior news releases indicated that the needed money. The actually indicated that Manto Verde was on budget.  Also Manto Verde is about to go into production so they will have almost double current earnings. Doesn't make much sense to raise $300m just now.  Why not being MV online.  Get the stock bump in price. Then raise if needed.

[allaboutvalue]

I find this interesting, not that there is any connection to marimaca. With over-allotment they will have raised about $350 million Canadian without taking much of a hit to the share price. They already had significant cash and credit facility room available. Looks like Capstone is getting strong and maybe looking to step on the gas with its projects and that the current market is pretty good for