RE:RE:News release Mako owes money to Sailfish through a refinancing that was done 18 months ago which lowered the cost of capital and greatly increased financial flexibility of the company.
Mako has paid Sailfish what they owed for 18 months and there's 6 payments left on the gold loan.
The silver loan will likely close in a few weeks, and I've commented why we're doing it (to be index eligible). We'll see if it works.
Beyond debt repayment, Mako has been investing all of its additional cash flow in exploration to grow the business as we intended under challenging circumstances.
Bonterra is not related to Mako other than that I'm a director and wexford is the largest shareholder of both.
As for grift, do you have a specific example?
there's a lot to criticize about mako. Grift is not one.