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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 > Neither NFG or MNXNF are involved.
View:
Post by shiftyone on Aug 07, 2024 7:44pm

Neither NFG or MNXNF are involved.

Neither NFG or Firefly are involved in this money raising.  Except for some rights that Firefly may get.  Why not?

Are they just sitting back waiting for the company to fail and then come in like vultures?  Or do they not see the value in this company?

8 million is significant, but really nothing.

It will take us to early 2025 in my opinion.  We will get the same news releases then about near term production.  But they will be broke again, and the notes from August 2023, I think dated from June 2023, will soon be due.

So, after the reverse split and when they are broke again in February.  Would they be able to raise enough money to keep going, say 5 million, and pay off the notes which will be require I don't know $7 million?

It is starting to look more and more like SGNL.
Comment by nozzpack on Aug 08, 2024 12:29pm
Stop posting such false statements. All shareholders will receive rights converting to common shares and contributing to the $8 million. Some will buy rights to add more shares . At this point, how much extra shares the signifucant holders buy is unknown nor if they will exercise their 7 cents warrants ..
Comment by shiftyone on Aug 08, 2024 12:49pm
What false statement?  My post stated that Firefly would acquire the rights because of the shares they own.   I believe that you have made a few false statements yourself.
Comment by Rogg47 on Aug 08, 2024 3:31pm
Only "a few"?!!? I would rather say a ton!!