The article below was written in Feb 2018. Likely 2 million ounces would be the threshold at which MKG becomes an attractive T/O target. At current rates of exploration, and with the requirement for a further capital raise, that could be as soon as late 2023?
"Mako Gold’s seasoned husband and wife team Peter and Ann Ledwidge hope to start drilling at their new project in April after a $6 million IPO, writes Barry FitzGerald in his Garimpeiro column.
Husband and wife team Peter and Ann Ledwidge have notched up considerable success in West African gold over the years.
They were the driving force behind Orbis Gold which found 2.6 million ounces of high-grade gold across two discoveries in Burkina Faso, only to see it taken over by Canadian miner SEMAFO for $178 million in 2015.
Now the seasoned exploration geologists — originally from Canada but now Australian citizens based in Brisbane — areout for a repeat performance with the $5 million to $6 million float of Mako Gold.
Peter is managing director and Ann is general manager of exploration.
Peter makes no bones about his ambition for Mako itself to be become a takeover target in time.
“Our goal is not to become a miner. What we’re good at is finding gold projects. We want to move Mako along to the point where it becomes a takeover target down the road,’’ Peter told *."
