Mako Mining Corp V.MKO

More insider buying

[frankie14]

Akiba's buying more shares, 152,000 on Nov. 1. I think he knows something the rest of the investment world hasn't caught on to yet. Mako is undervalued and will be going much higher. How much higher probably depends on where the price of gold goes, but Mako will go up in price regardless.

[novacapital]

I actually agree with that -  Not to mention he is releasing something in november. but again he's buying and not small amounts its a good sign. 

[Method]

  Buying from Instinet means it's probably institutional. Time to add Nova?

[novacapital]

Method sure. Can you post how much they purchased? 

[Method]

  I just saw some prints go up on stockwatch. I assumed since you were waiting for institutions to buy you would have a source that tells you when they were doing it.

[novacapital]

i'm waiting for this stock to hit .70 cents before i rebuy. it has to break substantial resistance. it should happen if there is heavy institutional buying.  i believe from the .70 mark this will jump to $1. as many bank analysts gave this a 80 cents stock price back 3 year ago. remember. 

[Method]

Before the rights issue? Isn't the more important question: What's it worth?

[novacapital]

you seem held bent on the rights issue like its the major factor or excuse as to why this price is so low.  so then 65 cents. becase there was an analyst coverage after the rights issue for 65 cents. But I still hold my 70 cents rebuy point. 

[Method]

The rights issue increased the shares outstanding materially. That's why it's important if calculating the Enterprise Value. If they consolidate the stock 10 for 1 and the stock goes to $4.00, will you buy since it's above 70 cents? Share count matters in investing decisions. The 65 cents target after the rights issue was before they built the mine and started producing cash flow. It&

[novacapital]

method method  how you purchase and sell is your business. i buy based on technicals. i have alotted a 6figure sum to this stock.  The stock has been sitting idle because Akiba leadership can't get this passed 50 cents properly. I have provided multiple examples over the course of two years. Investors can also buy based on when a stock is bullish from a flag or ascending triangle

[ferraton]

152/- @ 39 cts - November 1st