OTCPK:MALZF - Post by User
Comment by
MarlinLongon May 17, 2018 2:01am
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Post# 28043599
RE:RE:combining marlin and grr
RE:RE:combining marlin and grr After discussing with someone in the know, this is what is happening. You will still own FiSH that is not being combined. Malin and GRR are being combined into a new compaay called Mako Mining that will be made up of Marlins La Trinidad and GRR San Albino mines minus the 60m debt on Marlins balance sheet which will go away with the sale of Marlins commonwealth mine in AZ.
Also because of this deal Wexford will own less than 40% of Mako giving the new compnay much needed liquidity on the open market which is a big problem for Marlin now/.
This is a very good positive step for Marlin shareholders and should be a game changer in terms of marlin becoming a real public company with a proper valuation substantiall above where GRR and Marlin trade now in time.
Read more at https://www.stockhouse.com/companies/bullboard/v.fish/sailfish-royalty-corp?postid=28043597#pLzEfdtevOe5Dw9w.99