Mako Mining Corp V.MKO

Warrants

[barrywhit]

I see there are 37million warrants that expire in January 2022 as listed below at a average strike rate of $0.59c...

Effective at the opening, Jan. 13, 2022, the share purchase warrants of the company will trade for cash. The warrants will expire on Jan. 17, 2022, and will therefore be halted at 12 p.m. ET and delisted at the close of business on Jan. 17, 2022.

Trade dates:

 

• Jan. 13, 2022, to settle Jan. 14, 2022;
• Jan. 14, 2022, to settle Jan. 17, 2022;
• Jan. 17, 2022, to settle Jan. 17, 2022.

 

The above is in compliance with trading Rule C.2.18, expiry date. Trading in the warrants shall be for cash for the two trading days preceding the expiry date and cash on the same day on the expiry date. On the expiry date, trading shall cease at 12 p.m. ET and no transactions shall take place thereafter except with permission of the exchange.

[stkstroker]

It's a shame they were not able to get the share price north of $0.60 and see those warrants exercised.  That would have been $22 million in the kitty!  Although, who wants further dilution, so maybe best to see them expire.  

[stakhouse]

I believe this is good news no?  Warrants usually drive down the price? 

[barrywhit]

For me it just goes to show we are nowhere near the SP the company expected to reach by 2022. The warrant holders are probably p*ssed off and the company lose out on a cash windfall, although to be honest we have too many shares in issue anyway....and as i type we have a bid of 34c very disappointing...

[Method]

The investors on the secondary (I participated) in 2019 bought stock at 40 cents plus half of a 60 cent warrant with 18 months to expiry based on Mako executing on its plan laid out back then. That's happened. I have bought more over time because the risk/reward keeps improving but I don't think most investors act like that. They pay attention to price way more than value.

[barrywhit]

Method, I have held what is now MAKO since 2014. I like most invest to make money i was expecting MAKO to be closer to C$1.00 than 0.35c by 2022. The good points are we have a Finshed Profit making 500tpa working mine with hopefully a good resource area to be explored, a good workforce and what looks like a safe region for our mine. The downside is we have a small Gold Resource, a large debt and

[stkstroker]

Well said!!  I am in the same boat!!  

[Method]

We get you are upset about the share price but the CEO doesn't control that. We all wish the share price reflected the intrinsic value. Since you were in since 2014, you at least got to add materially to your position in 2019 on the rights issue at 10 cents. That's when I got in.  I don't know who "Private shareholders" are but Akiba is the most responsive CEO I have

[novacapital]

I agree with method. He's Right! Lets not hold Akiba accountable for the company and share price. you never hear of Elon making tweets that affect share price do you. Or you never hear of Company leaders making decisions that affect share price. No no its all about "intrsintic" value.  this company is great (im being truthful here) but 35 cents is not impressive for any share

[barrywhit]

Method, Akiba is the head of the company, as CEO he is responsible for the strategy and promotion of the company, that in turn leads to the share price. There is NO demand for MAKO shares from any new Institutions or Private Investors and in my view it is because of the large Wexford Holding. I am a UK citizen but have a few investors/friends in Canada when i mention Akiba their comment is "

[novacapital]

ive said that before - i'll say it again. but Barry I think the tide is turning. iF crypto fails many users gold will show its lustre again. This is primed for a lot of people to move their money into.  but thats IF....big IF. AKiba can help it gain attention.  IF

[novacapital]

Your missing the fact that this price point has been the same for 8 years give or take. You can't compare from when you bought to others who have been in this longer.