Mako Mining Corp V.MKO

Mako Adelaide webinar

[james2001]

Two things that I took away from this presentation is that there are still shares that must be transitioned from previous insiders and family to other shareholders.The other thing that is not talked about much and some might not have heard before is that most if not all of the open pit veins on this entire property can be trucked to this plant site and they know that the entire length of this property is mineralized.Just think the entire property with all in sustaining costs of around 700 in today's dollars.I hope they stick to open pit only for many  many years to come and not worry about those much more expensive underground ounces as I want to see a cash machine operation.

[ferraton]

He contrasted MKO's average drill hole length - c 45m for a total of 7,000m drilled - with another property he's involved with, which has the same sort of orebody, but this time vertical, which has done 50,000m, all deep drilling.  From that we can deduce that they don't want to go deep.  Their obvious accuracy in mining presently v narrow veins and the enhanced diluted

[novacapital]

All good news,  now.. stock price...  I think we all need to see the price reflect sp... 

[MarlinLong]

One other thing of note I took away and Akiba alluded to was that there is likley not going to be one large headline grabbing proven resource that will excite market. Instead we will likely have a number of very good but not spectacular proven resource numbers that will take time to prove out like the current SA resource did, throughout the property over the next number of years. Not sure how the

[stkstroker]

I found that comment a bit discouraging as well. But in reality one big deposit or several smaller ones within the property still equals lots of high grade gold. The major shareholders are hanging in for a reason. They are also planning a fairly extensive exploration budget which is always exciting. Seems he is still thinking consolidation when he can pull it off. I don't like the 20 for 1

[MarlinLong]

Take out not going to happen anytime soon. I mean Caibre Mining up the road are ming 150,000 ounces per year proven resource so I think they would be more likely a traget than Mako. The issue I see is by the time we have a headline couple million ounces proven reserves may well be years down the road if it takes a couple of years to prove out each individual small resource. I am begining to

[stkstroker]

If I was Calibre I would propose a friendly takeover offer to Mako. Two Mako shares for one Calibre. A decent premium for Mako shareholders and a great land package plus operating mine for Calibre. After the deal closed I would roll back the Calibre shares for about four or five to one. You would have a solid share price with a reasonable amount of shares outstanding.

[Method]

We'll make more money over time being patient. We don't need any external equity. FCF will be huge once the expansion is complete. If the stock is still cheap, we can buy back stock and pay dividends if we don't trade close enough to intrinsic value to sell the company. I do however have some 60 cent options expiring soon. 

[ferraton]

It strikes me that there is a new factor, which I noticed in a change in AL's delivery the other day Up until recently MKO was saying 'These are the three objectives we're aiming for.' Now that the mine is operating and they are dealing with these narrow veins so accurately, they can start saying 'This is what we were aiming for and this is how we've achieved it - and, in

[novacapital]

but the stock price with all the postiive news has not moved up -  doesn't anyone in managmeent wonder why? and or wexford? what is the poiint of having the stock price stand still?  if it could stand still at 1.36 vs .36 cents no one would be complaining. 

[ferraton]

I'm sure they do. But if there's a chunky seller in the background who won't for whatever reason allow their remaining holding to be cleared in one big tranche, you're not going to get buyers chasing the stock.

[Method]

  Who is selling and why is not in their control. They just build the mine, communicate effectively and wait.  Personally, I think that 1.2m shares offered at 38 cents for months now is scaring buyers and motivating sellers. If they execute, it's only a matter of time before it breaks out. Presumably, commercial production or some other event will be a trigger but it doesn't

[ferraton]

Why should it be in their control? If a seller is stting there, sometimes acting and sometimes not, and won't let the block go in one tranche, what can the company do about it? Just have to sit it out.

[novacapital]

Sorry guys - we can't make assumptions about he said he thinks,  We should probably focus on the following: With all the positive news coming forth thus far, why is the stock price not moving.  my one thought is Akiba isn't marketing it well enough to gain more investors. Gold Mining stocks require a lot of Marketing. You need shares to be bought and you need the stock to

[ferraton]

'Akiba isn't marketing it well enough'. So where, in your opinion, is he going wrong?

[novacapital]

what do you mean? for the largest open pit mine in the world, you think everyone knows about mako mining on the venture exchange?  you need analysts who work with portfolio managers to buy stock, you need to work with industry proffessional wiht a roladex of clients who have a portion in their kyc to allocate twoards high risk high rewards and then some  you think this is needed? how

[ferraton]

I occasionally look at your posts. The common thread is attacking the intelligence of anyone who raises a point, usually by ranting, as you are here, and not bothering to read what you've written, hence your bizarre spelling. Do you seriously think that others don't have investment experience either as amateurs or professionals? All the signs say yes.

[novacapital]

look ferraton,  i dont attack anyone's intelligence, I attack people with no common sense.  You ask where is the marketing going wrong. I gave you the answer - And you have been here long enough to know what most of us are talking about.  This  is a penny stock at the end of the day - it needs more promoting, I'm not here to put down or riase anyone's credibility

[Method]

It's not a promote though. They are running it like a business. The cash flow is coming soon, it will rerate over the next 3 years. Those focused on the short term will probably sell too early.

[novacapital]

method,  i agree its a business, and a business with a lot of cash now, these are the cataylsts taht make stock prices go up.  For what ever reason this isnt happening here. So all we can do is wait. But there does need more promoting on the company. The story needs to have a wider audience. There is no harm in this stock going up in price.