More a case of "risk-off" in the small-cap resource stocks at the moment, particularly those with a very unclear or distant path to development.
Realistically, what could MAK achieve in the next 3 - 6 months to justify holding during a fairly frothy time in the market?
Every stock has its potential, but on an objective risk-reward basis, the market is speaking. Not just MAK, have a look at the rest of the junior resource part of town. Many, like RUM, are setting new 52wk lows . . . the market is saying, we want more than a story to stay invested.
Just observing from my perch.
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