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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. It also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.


TSXV:MAE - Post by User

Comment by nozzpackon Apr 17, 2024 2:05pm
69 Views
Post# 35994261

RE:Interesting.. Frankfurt Conference Early May

RE:Interesting.. Frankfurt Conference Early May As this is not a financing roadshow , no new shares would be offered.

Therefore, new shareholders will acquire their shares from existing shareholders ( us ) plus perhaps in block trades  from among our several institutional investors who may wish to take their profits and cash out .
Among those would be Signal but also perhaps Dundee who holds about 100 m shares.
Those have a cost base well above $0.10 and Sprott acquired theirs at 15 cents and above.

So, Macpoor, should be able to triple his 4 cent purchases and become MacRich, and taking a well deserved holiday as well.

Me, I am holding and still picking off a few cheap shares here and there , as the heavens  are unfolding here much as I expected along the path to my 10 bagger.
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