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Bullboard - Stock Discussion Forum Mako Mining Corp V.MKO

Alternate Symbol(s):  MAKOF

Metals & Mining Gold
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... see more

TSXV:MKO - Post Discussion

Mako Mining Corp > Interest payments
View:
Post by Mako2022 on Sep 20, 2023 10:10am

Interest payments

It seems MKO is quite content with their balance sheet holding debt at 10%. Wexford clients receive a hefty return and they're happy,  meanwhile the peonies receive didly at the moment.
Comment by Method on Sep 20, 2023 11:45am
It's much cheaper than our equity cost of capital and less than Wexford could get lending to other similar companies. Seems like a positive and not a negative.  
Mako Mining Corp