MKG 5.00% 1.0¢ mako gold limited

Looks to me like any money they have is either borrowed or...

  1. 1,962 Posts.
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    Looks to me like any money they have is either borrowed or issued.

    They have been gold plating a mine for years, with placements and debt, to try and make a buck of out syama sulphides.

    They had low capital discipline with junior investments, but backed themselves and the projects they picked, with director buying on market in huge quantity to trumpet his confidence.

    This is a different footing from the "we back ourselves" AND in a pivotal year for them where their capital deployment will be viewed with more clarity.

    Enough on the subject from me, we will see.

    Yes I would be saying the opposite if they bought instead of sold!
 
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