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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by james2001on Feb 18, 2021 4:43pm
186 Views
Post# 32602349

Liquidity

LiquidityThis stock has a real liquidity problem at this point in time.I would venture to guess that the actual float of this company is maybe 15 to 20% of outstanding shares which is a problem for attracting new buyers of shares from the market because vey few want to get involved in shares with limited liquidity.This enables them to do exactly what they are doing right now with the market.Im starting to think that theses shares will not greatly increase in value until they produce the drilling results which point to 1000 tons per day as well as regional drilling with success to get the next level of investor.This may trigger the turnover in shares needed going forward.The other way to get liquidity going forward may be through a merger of some kind to try to turn this into a mid tier at some point.Which ever route they decide to go the powers will make huge returns on their capital and many here have a very low cost on a per share basis.This will enable many of us to stay in for the longer run.
<< Previous
Bullboard Posts
Next >>