A strategic review is required here. Why has the board not undertaken this given the share price is now 1c?
Note the different approach by a different company with 3 directors, one active geo contracting out a 1 man augur program in QLD versus Mako Gold's 10-man operation.
The company with the one-man crew has no resources defined, less than $200k cash and a higher market cap than Mako because shareholders know they are doing their best and watching the pennies vs MKG's wasteful socialist approach.
When will the penny drop for the MKG board? Too busy dropping wads of shareholder cash!
The biggest risk to this company is not the Ivory coast. It's the approach.
Thats it Gold is offically on the back burner, page-58
Add MKG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.76M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $500 | 50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4152342 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1758098 | 3 |
View Market Depth
| Last trade - 10.04am 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
0.9¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.9¢ | 0.9¢ | 0.9¢ | 270750 | ||
| Last updated 10.34am 14/06/2024 ? | |||||
| MKG (ASX) Chart |