MKG 5.56% 1.0¢ mako gold limited

Its definitely worth a punt a these levels. $14.5 million market...

  1. 509 Posts.
    lightbulb Created with Sketch. 105
    Its definitely worth a punt a these levels. $14.5 million market cap, with approximately $6.5-7 million to spend on drilling (approx. cash - $4m, options - $678k, geodrill deal - $2.7m). Market basically viewing this as a complete shell now. I largely put down the underperformance to the sentiment around gold explorers, but also the share register and large retail holding (think its up there at about 65%, which is pretty high). MKG needs to seek some decent institutional invertors and get some sticky HNW investors. I suspect it is only a matter of time. Id be interested to know how he discussions with institutions have been going. What are they looking to see etc.

 
watchlist Created with Sketch. Add MKG (ASX) to my watchlist
(20min delay)
Last
1.0¢
Change
0.001(5.56%)
Mkt cap ! $9.272M
Open High Low Value Volume
1.0¢ 1.0¢ 1.0¢ $190 20K

Buyers (Bids)

No. Vol. Price($)
14 3007211 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 521727 3
View Market Depth
Last trade - 10.45am 16/08/2024 (20 minute delay) ?
MKG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.