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Bullboard - Stock Discussion Forum Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. 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... see more

TSXV:MAE - Post Discussion

Maritime Resources Corp > Things seem to be going awfully slow
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Post by shiftyone on Feb 13, 2024 6:00pm

Things seem to be going awfully slow

Nozz... I like your information, but would like to hear more from the company.  There should be lots of triggers coming up, but they seem to getting further and further down the road.

I bought this a year ago, at todays price.  I based it on certain things.

Nov. 18 German gold show, the presentation stated they would have the development and closure plans approved by Q1 2023.  That led me to believe it was a very short process.   Well, they didn't submit those plans until Feb 2023.  No problem.  But it is a year after that and still no news.  

We have a willing seller it appears, and not a whole lot of people willing to buy at market.

Hopefully soon we will get some positive news.  Until then, we are treading water.
Comment by shiftyone on Feb 13, 2024 6:01pm
ps.  that was nov 18 2022
Comment by nozzpack on Feb 13, 2024 8:23pm
It's a fair comment but microcap golds have had a brutal year in general. For example, NFG is down from over $7 to less than $4,50 despite a year of bonanza grade assays along with other signifucant developments . We are only 3 months or so from taking ownership of the Point Rousse mill which is transformational in many ways. Those material benefits are just now beginning to show, with ...more