Mako Mining Corp. V.MKO

@ the Bell: TSX gives back recent gains

[Jon Brown]

Canada’s main stock index sunk lower on Tuesday, weighed down by the energy sector leading a broad decline. read article.

[jimlong1]

Good results this morning and the S/P drops, what gives?

[PressRelease]

VANCOUVER, BC / ACCESSWIRE / May 30, 2023 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") announces positive drill results on its La Segoviana concession ("La Segoviana" or Concession), located approximately 17 km to the north of the company's 100% owned San Albino gold mine...read article.

[Jon Brown]

Canada’s main stock index closed on the green side of flat on Monday, tracking lacklustre prices of crude oil and gold. read article.

[barrywhit]

Akiba, could you enlighten me as to why the special committee was formed and who are the 2 Directors on the committee.. Director fees: Q1 2023 fees increased compared to Q1 2022, increase arises from

[PressRelease]

VANCOUVER, BC / ACCESSWIRE / May 29, 2023 / Mako Mining Corp. (TSXV:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") is pleased to provide financial results for the three months ended March 31st, 2023 ("Q1 2023"), which is the seventh full quarter of financial results since declaring commercial...read article.

[frankie14]

Akiba if you're still out there, I read in another board there was going to be a free trade agreement  between Nicaragua and China, which included gold. I'm guessing this could be good

[Mako2022]

Ok understood  Another piece toward the puzzle accomplished 

[AkibaLeisman]

The money has a cost.  It's just that it's the same cost as it was before.  Therefore there is no additional cost.     I am still planning to repay the loan under the same

[Mako2022]

There's no additional cost other than the cost to borrow. If there wasn't a (cost)Wexford would wave their 10% interest fee for the additional year.  Hey at this point I'd be happy

[barrywhit]

Akiba, but will there not be an extra 12 montth accrued interest at 10% to pay? 

[AkibaLeisman]

There is the same accrued interest of 10% as before.   But there was no cost to extend it.  (Ie there was no additional cost). 

[barrywhit]

Akiba, so there is a cost to investors????

[AkibaLeisman]

From Sailfish's perspective they got to protect their dividend and got a triple allocation in the SILJ From Mako's perspective, they got to restructure the term loan to make it more flexible

[AkibaLeisman]

You know, when I was writing the press release, I thought somebody might ask this.  There was no "additional" costs (ie fees, warrants, etc), but yes, the 10% interest will still accrue

[barrywhit]

mako2022, Wexford run both companies MAKO and SAILFISH so its whats best for them, this probably means Sailfish can still pay their Dividend....

[Mako2022]

If a loan is extended for another year and the company is still continuing to pay interests on that loan is there not an indirect or direct cost to shareholders?