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Mako Gold IPO, page-9

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ASXcowboy

6,130 Posts.

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23/02/18

13:23

Post #: 31290055
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Originally posted by leaguetrader ↑

attaching option makes up for the slightly higher EV.

The Seed raising was done by directors and very close/friendly parties , ledwidge took Orbis from under 10c to a 70c takeover in around 2 years.

My understanding is that these tenements have been hand picked by him as they exhibit geological characteristics similar to the 2.3 million ounce Natougou deposit which was taken over by Semafo.

The operators in the region need the resource so if there are commercial grades this will get snapped up early given the gold price.

investors will also do well given the 30c strike option could very easily be in the money.

Look at the most recent gold IPOs BC8 , CY5 they opened above 30 on opening day!.

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It's been priced for perfection. I reckon I'll be getting these for half price in June/July.
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