Mako Mining Corp V.MKO

9m Adj. Ebitda, 831 cash costs

[AkibaLeisman]

Nobody's complaining about $831/ozt AISC?  $8.9m in pre-exploration EBITDA? $9.4m in mine cash flow?  Just for the quarter.

I'm disappointed.

[thesecman]

You're doing a great job Akiba. MKO is the only positive stock I own today.

[barrywhit]

Akiba.....I'm also disappointed with the share price, still sellers, but i'm sure you will yet again blame the "old Directors"

[AkibaLeisman]

Blame?  It is what it is.   If people want to sell after we do what we say, for whatever reason, inclusive of personal, they clearly were not underwriting the investment correctly and I'd rather them not be shareholders.   The share price becomes an issue if we need to use the shares for something, which at the moment we don't.   If you are disappointed, I would

[jimlong1]

I personally think you guys are doing great with a lot of potential. Maybe the large amount of  S/O means something. Thinking we easily go over $1.00 by year end at the rate things are developing. keep up the good work Akiba.

[AkibaLeisman]

We'll start the process of a TSX uplist this week, to take effect between q2 and q3 filings (if approved).  There will be a roll-back at the AGM to happen alongside the uplisting.  

[jimlong1]

The TSX uplist should be beneficial. Can you remind us how many shares are going to be rolled back? I haven't paid as much attention to Mako until the recent start of production, but pouring gold makes me take notice so I am looking forward to adding shares going forward. You are bringing the pieces together and I dare say could make the shirt-list for a takeover target.

[AkibaLeisman]

We haven't decided yet.  We put a 1:20 rollback on the 2020 agenda, before it became clear we needed 2 Q's of commericial production before uplisting (not a TSX rule, but necessary for our circumstances).  One of the GDXJ insertion criteria is number of shares traded per day, so I now think 1:20 is too much.  Likely will be 1:10-15