Mercator Minerals Ltd MLKKF

Conversation with Management

[godisgr81]

I had a  20 minute chat with Marc and the management is absolutely dumb founded at the current sp which he adamantly laments that the Fundamentals of the Company is Sound. Stating that the company is in much better shape than it was in one to two years ago. He believes that lot of the trades maybe related to Margin covering. Also stating that the company has over 50million in cash and they should have no issues in funding from cash and operating cash flow for Phase 2. They are also realizing huge saving from significant lower interest from refinancing. This refinancing is very important as the credit market is still tight and that the due diligence from third party via blessing from the 3 International banks performed a colonoscopy and provided a clean bill of health. Plus they are sustaining the throughput and lower costs realized in April and May. Barring any unknown event, Q2 will be much improved from Q1. In addition, there are no plans for further dilution as their expansion is covered via cash on hand and improved operating cash flow. He strongly states that strong profit will be realized starting in Q3 when the new rougher cells will be implemented.

Furthermore, blackout period for insider buying will end next week. Don't be surprised if you see management start buying up SHARES.

Importantly, ML management will be presenting at the RBC resource conference June 7 and 8th in Toronto. This is a planned road trip to stir up interest from large institutions and market makers. This conference is invitation only, so wish me luck in getting in and I plan to have a chat with our dearest CEO.