Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Mako Mining Corp V.MKO

Alternate Symbol(s):  MAKOF

Mako Mining Corp. is a gold mining, development, and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua. It also owns the Eagle Mountain Gold Project in Guyana, South America. The Company’s primary asset is San Albino mine, an open pit mine located in 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. The Eagle Mountain Project comprises two gold deposits, Eagle Mountain and Salbora, in addition to several other exploration targets. Its subsidiaries include Gold Belt, S.A., Nicoz Resources, S.A., and Mako US Corp.


TSXV:MKO - Post by User

Bullboard Posts
Post by james2001on Jan 01, 2020 7:21pm
272 Views
Post# 30509282

Re re re funding

Re re re fundingThere are a few things that come into play.Akiba once said that basically Wexford was not a mining company but was private equity.Now I believe that you will not always want to hold gold stock.just look back in time at the cycles and there are times to buy,hold and sell your positions.Now I personally believe that this final leg in this bull cycle for gold will be like no other in my lifetime.So let's just say for argument sake that this cycle will top in say 3 to 4 years. I believe that Wexford will want to sell their position before that top in the cycle. Akiba said that they still need now 15 mil at a minimum to take them through to the 1000 ton per day production and much of this is still for the funding of the mine build. My thought was if they raise this money from some power broker in Europe how much more buying and support would come from this and at the same time broaden their shareholder base.Also by raising slightly more capital than they actually need will allow them to accelerate the proving that this is indeed a generational property of very high grade within this top of the cycle.Ultimately,what is good for them will be good for us especially if we were buying shares  at roughly the same time Wexford was buying and especially for those who were able to exercise their rights in the last rights offering.I believe that 2020 will be the beginning of a very exciting time for mako shareholders and especially for those long term Marlin and Golden Reign shareholders.
Bullboard Posts