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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 May 03, 2024 1:26am
221 Views
Post# 36021032

Liquidity

LiquidityIf mako continues to buy shares out of the market on top of the shares they have already retired and continue to do so going forward will only increase Wexfords control as a percentage of this company as these shares will only come from minority shareholders.you would only have to retire about 6m shares and Wexford woul be back to 50 plus percent control again.This may undo a liquidity problem that the merger helped solve. Am I missing something or was this planned (for).
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