Mako Mining Corp V.MKO

NCIB possibility?

[Tim1234]

What are the chances of MAKO management taking upcoming production revenue, announcing a NCIB, buying back shares themselves, retiring them, and driving the share price up that way. Everyone here seems to agree the shares are undervalued and there is a present lack of buyers. MAKO management could fix this themselves, or what am I missing, what's holding them back?

[Hailmarry]

TIM 1234 from Downtown VAN. You bought in? WOW welcome to the board bro

[hipfner]

If you've ever read their financials, there is zero chance that they'll do an NCIB. They've got massive debt and their current mining target has a two year mine life. They have two other deposits to drill and need the cash to pay down debt and get the next target ready for mining. They have missed their Q1 production target and as of today, missed their "early Q2" target as

[AkibaLeisman]

A) you're right - we are overdue for a corporate update.  Will be out Thursday latest. B) our CP was changed to q2 in June of last year.https://makominingcorp.com/news/index.php?content_id=157.  I get that this project was 4 months delayed from the initial schedule I put out in Sep 19.  But there was a global pandemic where Nicaraguan borders were effective closed for 4

[novacapital]

thats a good enogh update for me.  what say ya'll?

[barrywhit]

Im happier now than i was a couple of weeks ago. Cash balance was very tight sitting at $1.2million with $21million of debt., but at least we are selling Gold so cash balance should improve week to week..Mako have been unfortunate with all the delays, COVID and Hurricanes etc. but we seem to be back on track...