Marimaca Copper Corp T.MARI

$87million raised since 3 September 2020

[Richiechile]

Quite staggering the amount of money Marimaca has successfully raised in equity, royalty and asset sales since the PEA was issued on 3 September 2020 and now Marimaca want more money.  After almost 4 years under the current CEO and boards stewardship the progress has been anaemic (no DFS, no permits submitted)  There is something wrong culturally where $87million has been spent and all we have is promises and hot air.  Exploration, permitting and engineering studies could not be easier than at the gift that is Marimaca.  Think of the poor guys at Filo del Sol but look at their market cap of C$3billion.  Fact is the anemic Marimaca share price reflects the slow progress in value add over 4 years.

[allaboutvalue]

I understand the frustration. No arguments here about shareholders being long overdue to see some material progress and value creation. Many shareholders are frustrated that the current share price is in the same range of where it was 4 years ago. I see more than hot air showing for a large portion of the money raised since the PEA. In 2020 there was something like $10 million of debt and