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Mako Mining announces the acquisition of Goldsource Mines, creating a diversified gold producer with growth potential. The deal involves Mako acquiring Goldsource for 0.22 shares of MKO each, aiming to mitigate single mine risk and enhance resources. Analysts anticipate market cap convergence and potential short-term bargains in the gold stock market.
Mako Mining $MKO.v market cap is ~7X that of Goldsource $GXS.v $GXSFF. Watching for a quick gap close. https://t.co/POihzpjI3s
If you ever thought about buying a gold stock, there might be an opportunity to buy cheaply as flow back in these deals can lead to short term bargains. $MKO.V $GXS.V I assume analyst coverage and institutional marketing will follow soon. https://t.co/g2D1vY70TP
Mako Mining $MKO.v $MAKOF & Goldsource Mines $GXS.v $GXSFF announce merger. Will have to dig a little deeper but this looks like the type of consolidation this industry needs where hopefully the sum of the parts is greater than the whole https://t.co/eexMOv4rcG