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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 > these guys have to raise money
View:
Post by shiftyone on Feb 20, 2024 4:07pm

these guys have to raise money

they probably can.... but it sure would be nice if they could get the approvals first and raise it maybe at a better rate.
someone might be holding the price down to participate.
the new presentation says they have 1 million in working capital.  That won't go far or last long.  arghh.

I've been looking for where NFG said they would be studying the toll mining agreement with a decision to by made either in or by Q2.  I haven't been able to locate it yet.  I believe it was a video and I have looked at many dozens in the past few days.  It was probably released the end of Nov or sometime in Dec.

Anyway.... they need cash.  And there are a people putting up blocks to the shareprice.  Just like happened last time they needed cash.

Discouraging.   After a financing, perhaps the price will be able to go up with all the potential,  unless of course someone decides to dump 20 million shares.

GLTA
Comment by nozzpack on Feb 20, 2024 6:41pm
Almost certainly for the HD project . There are no buyers which is common with my other microcap golds so the lack of advancement in the share price may be solely due to that . Daily volumes are in the $5000 to $15,000 range which is almost none. They have 97 m warrants at 7 cents which would raise $6 m in cash . Those are held by the institutional investors . If they can get those in the ...more