AG is what it is bc of larger output so operating leverage vs most peers, positioning into a formative bull that got it high up the % allocation in SIL/SILJ in 15/16 that its kept and bc Keith is a strong frontman who's views chime with PM bulls so the stock gets relative bid during bear phases
the self minting is not a major facet
MKR doesnt have that kind of operating leverage to attract the globe - very few places have that potential for multiple silver ops like Mexico (though AG increasingly gold)
That said MKR is great leverage here for the coming bull - precisely because it's running lowish grade material with an AUD backdrop
but as i said last year - that leverage is extreme and cuts both ways - which is why MKR is priced as now
In next 4-6 months I expect USD gold to hit $2250 and Silver $US50
While i shaved MKR holdings progressively during the bear - purely bc its higher mkt cap vs most asx 'peers' puts it at greatest % risk - Im 20% underwater but supremely unconcerned
You guys waste time talking bottom up when 90% of performance of PM stocks is correlated to the top down wave of PM demand during bear phases
Which is why I dont post to HC much
Posters are intellectually compromised - unwilling to accept obvious facts
Stock specifics differentiate during bull phases. Or big changes like discoveries can shift things during a bear.
But MKR is basically same overall story people bought at IPO
And if nothing big changes FA wise - all stocks correlate to 1 in extended bear phases
same as in broad equities, crypto etc
not to say self minting isnt a worthwhile discussion
just thats its largely irrelevant to the source of disagreement - which is the sp
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Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $46.36M |
Open | High | Low | Value | Volume |
7.2¢ | 7.3¢ | 6.7¢ | $7.694K | 107.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5795 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 6017 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5795 | 0.067 |
1 | 77777 | 0.064 |
1 | 111000 | 0.063 |
1 | 500000 | 0.062 |
1 | 25000 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 6017 | 1 |
0.073 | 99326 | 1 |
0.075 | 100000 | 1 |
0.080 | 127073 | 1 |
0.081 | 12658 | 1 |
Last trade - 15.59pm 03/05/2024 (20 minute delay) ? |
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MKR (ASX) Chart |