silver is the widow maker because outcomes are almost entirely down to spot price - esp for a smaller volume player. its so much great in volatility than gold - an operator in good standing one year can be cut in half the next
cobar was folly - went into production right at top of the spot price cycle
mkr is the 3rd buyer of the hotel - so to speak
outside the jury rigging around mt boppy - which imo was mainly aimed at time filling til silver broke much higher
i dont disagree that the ipo was laden with overpromise that mgt has struggled under expectation thereof - but that was always obvious.
backers are financially smart opportunists not super production managers and geos - those only get employed once listed
but the pros far outweigh the cons because its the timing of the business entry vs the spot price cycle that is crucial - and this one has been minted superbly well in terms of timing
the constant critiques from fundamentalists are valid but largely small minded/from a very limited vantage point
in the game within a game within a game - you need to understand you are dealing with cowboys - but very savvy and wealthy cowboys. they generally dont get that way by chance
the one proviso against all that is where their spreadsheets etc fail to understand a mission critical real world issue like say when ore proves refractory or reserve reconciliation is totally out of whack
but to this point - the misses have been predictable minor flesh wounds - and the upside
if you are condemned to play the on-market investment game rather than the insider pre-ipo one - this is about as good as risk/reward gets in whhat is a super high risk/high return space - if you care about whether you are in an actual miner vs an explorer/developer
but if you arent a silver spot price bull - you need to get out of the kitchen. because its outcomes rest entirely on silver spot price
small scale silver miners are not steady state buy and hold investments - and even 2Mozpa would still be small in terms of potential volatility of the aisc and so mine margins
- Forums
- ASX - By Stock
- MKR
- Ann: Manuka Debt Facility Refinancing and Silver Production updat
Ann: Manuka Debt Facility Refinancing and Silver Production updat, page-13
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MKR (ASX) to my watchlist
|
|||||
Last
2.9¢ |
Change
0.004(16.0%) |
Mkt cap ! $22.61M |
Open | High | Low | Value | Volume |
2.5¢ | 3.0¢ | 2.5¢ | $64.74K | 2.348M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.029 |
3 | 320000 | 0.028 |
1 | 20000 | 0.027 |
4 | 349767 | 0.026 |
10 | 1333045 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 50000 | 1 |
0.031 | 4200 | 1 |
0.032 | 135366 | 2 |
0.033 | 910 | 1 |
0.035 | 50250 | 2 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
Featured News
MKR (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online