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Mako Mining Corp V.MKO

Alternate Symbol(s):  MAKOF

Mako Mining Corp. is a Canada-based gold mining, development and exploration company. The Company holds 100% of four mineral concessions in Nueva Segovia, Nicaragua for a total land package of approximately 18,817 hectares. The San Albino gold deposit, located within the San Albino-Murra Property mine is in Nueva Segovia, Nicaragua. Its San Albino gold project is an open pit development project located in Nueva Segovia, Nicaragua, approximately 173 kilometers north of Managua and accessible through a paved highway. Its Las Conchitas area is located approximately 2.5 kilometers south of its high-grade San Albino Gold Deposit and is situated near the southern end of the Corona de Oro Gold Belt. Its subsidiaries include Gold Belt, S.A., Marlin Gold Mining Ltd., Marlin Gold Trading Inc., Nicoz Resources, S.A. and Oro Gold de Mexico, S.A. de C.V.


TSXV:MKO - Post by User

Comment by barrywhiton Nov 15, 2022 4:09pm
87 Views
Post# 35101180

RE:RE:CXB

RE:RE:CXBThe share price failure has nothing to do with the Mine. This was always a High Risk High reward stock even when it was GRR, but over the last few years Nicaragua has leaned more towards Russia. Nicaragua was only one of four countries not to have condemned Russia's invasion of Ukraine, it is run by a Dictator who at any time could pull the plug on the mine. I would imagine any US based investors have had second thoughts about holding MAKO. Hopefully the mine will continue as is as its a good land package with vast resources. There are other problems with MAKO. The size of Wexfords holding and influence will keep large investors away from holding a lot of stock. Small Gold Resource, High AISC, Debt, Gold Loan with Sailfish, weakening Gold price. I'm still holding 30% of my original holding and will continue to hold, but the CEO blaming an ex-director for the fall in share price is ridiculous in my opinion...
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