RE:MMY vs Mako Mining In order to reach Mako valuation, this is what we shareholders must demand from our MMY mgmt and board on a constant basis:
- Australian Exchange ASX listing;
- Reverse stock split, at least 10:1 or better 20:1, to turn MMY from a shitty penny stock status to a more reputable one, with a share float max around 30 million. This would attract investors focused on higher priced stocks, allow for bigger liquidity;
- Start share buyback program, which is much better than paying dividends, for a huge increase in market capitalization. In combination with a reverse stock split, we can be 10X from our current valuation easily;
- provide regular updates, have pre-earnings expectations releases. Not just wait for quarterly results, investors simply forget about MMY in between. Mgmt should constantly build interest in the company. Otherwise it's only us, bagholders, sitting in this dead stock for 10+ years and praying that mgmt would not steal our monies this time.