RE:RE:RE:RE:RE:RE:Warrants We get you are upset about the share price but the CEO doesn't control that. We all wish the share price reflected the intrinsic value. Since you were in since 2014, you at least got to add materially to your position in 2019 on the rights issue at 10 cents. That's when I got in.
I don't know who "Private shareholders" are but Akiba is the most responsive CEO I have ever had the pleasure of investing with as a public shareholder.
My point with respect to the warrants strike is that the public shareholders who agreed to buy the stock and warrants at that price also thought that the stock would be above 60 cents by now especially since the execution has been excellent. That implies the stock is materially undervalued vs expectations back then at the very least. Unfortunately, instead of doubling down like I did, too many have moved on or not enough new buyers can be found.
barrywhit wrote: Method,
I have held what is now MAKO since 2014. I like most invest to make money i was expecting MAKO to be closer to C$1.00 than 0.35c by 2022. The good points are we have a Finshed Profit making 500tpa working mine with hopefully a good resource area to be explored, a good workforce and what looks like a safe region for our mine. The downside is we have a small Gold Resource, a large debt and shed loads of shares but not great liquidity of shares. A CEO that puts Private Shareholders way down his list of priorities and the only way to get Shareholder value seems to be to buy back their own shares. We may have a dividend eventually, but i would rather have a healthier share price..To set warrants at 60c shows me as i said previously, we are nowhere near the share price the CEO was expecting to have by 2022....