MKG 0.00% 1.7¢ mako gold limited

Ann: Brisbane Mining Conference Presentation, page-23

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  1. 12,129 Posts.
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    Hey Fbx.
    Cheers for the chart.
    Interesting trading today, though I have seen the same sort of pattern over the past few months. I have slowly accumulated a reasonable parcel of shares, even though I agree a CR is coming. It was interesting to see the company engage with the drilling company to split the payments 50/50 cash/shares.
    Drilling should be starting very soon, which is perhaps when the cap raising will occur.
    I like what MKG have been doing on the ground. Easily going to achieve 1.5m ounces without a huge amount of drilling (let alone the 1m ounce target) in the future, which is basically what they need to undertake production studies.
    Unlike in the past where capital raisings have forced share prices lower, I have noticed the opposite. Just look at HRZ.
    Up 50% for its lows!

    Like you, I plan to add more after the raising. Would love to see them secure more tenements along trend, but... perhaps they are locked up by the nearby producer.
 
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Last
1.7¢
Change
0.000(0.00%)
Mkt cap ! $16.77M
Open High Low Value Volume
1.7¢ 1.7¢ 1.7¢ $12.21K 718.6K

Buyers (Bids)

No. Vol. Price($)
8 11210000 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 907632 4
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Last trade - 10.04am 13/11/2024 (20 minute delay) ?
MKG (ASX) Chart
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