Mariana Resources Ltd. (MARL.L)

(A Top Pick March 4/15. Up 12.86%.) Have a fantastic discovery in Turkey. This is an “A” listed company. It’s a great deposit. They are a 30% partner with a Turkish company who is running the show, and will be developing it. He sold his holdings because he could see limits going on and was having too much trouble with the “A” listing. He is waiting to see how they restructure the company. If they spin out the Hot Maden property into a separate vehicle listed in Toronto, he would be very interested.

$20 Million market cap. A month ago they released a drill hole in Turkey. A few weeks later they released a drill hole 100 meters to the north. This looks like it might be a significant discovery. The structure runs for 7 km. They just raised money and are going to invest it in low probability/high risk projects. This is the bad news.