Mako Mining Corp V.MKO

M&A

[jimlong1]

With continued firming up of gold above  $2300, I continue to witness M&A activity in this sector. My gut is telling me that maybe Mako is making itself a target to be swallowed as senior producers are l always looking for cost effective ways to add ounces. Akiba, I can't remember if the Co. Has a poison pill strategy in place or is the company leaving itself open to such a takeover potential?  You are making all the right moves and aligning with the best people available in the space so just maybe this has peaked interest. IMO JL1

[james2001]

This will not be taken out unless the offer has wexfords blessing as they hold close to 50% .that is the poison pill.

[james2001]

Also Wexford has invested in this Venture for 8 plus years at say an average cost per share of say $1.50.  I sure do not think they will agree to be taken out at these low share prices.....Patient money.

[jimlong1]

Definetly not thinking about an offer sub $5.00. None here would accept that. As for Wexford they have an exit strategy like any good investor. The depth of talent we now have is remarkable for a small junior explorer and  $5 target is a given by y/e 2024.

[Mako2022]

We are just gaining momentum albeit NCIB certainly a big  contributor but this story is only a BABY. Babies grow fast. We aren't stopping at 5$ nor 10$  

[AkibaLeisman]

I wouldn't confuse "long term greedy" with "patience".  This is not the Company for the latter.   

[AkibaLeisman]

Wexford's high 40% position does mean that corporate transactions need their consent, but I honestly don't see how the Company would be run differently, even if they were a smaller % owner.   

[AkibaLeisman]

There's no poison pill, or any desire to ever have one put in place.   I think they are among the worst mechanisms you can put in place wrt governance.   Currently, no executive at the Company has a Change of Control greater than 1 year.