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2.56%

3.8¢ manuka resources ltd.

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

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RocksRule

1,088 Posts.

145

01/05/22

14:51

Post #: 61130915
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Originally posted by Gratton44: ↑

Dear oh dear, where to start? I can see why they asked for $5M; they would have been severely in the red otherwise this quarter. Why is there gold leftover in the circuit when they started silver processing? They had 3 weeks to strip the gold out - surely they were stripping and pouring like mad in that time yet there is almost 30% left?

Why are there only 30,826t processed? Up until March 9 I make that roughly 68 days of processing - so 453t per day? 19 tonnes per hour? What is going on?!?!? Another quarterly statement with a mention of adverse weather conditions...how much longer are they going to milk that excuse?

Lets hope they can get 150kOz a month of silver out of the plant otherwise they are sailing very close to the wind. Still owe ~A$11M payable by September - I can see that getting kicked down the road again.

Also would have been nice if they had mentioned how the recovery on silver had performed so far. About a month of data and no hint? How are the tonnes progressing?

I fear another CCR / Black Oak coming up. I know I'm a doomsayer but seriously - does anyone else see these points?

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bit harsh. First month or two running the old stockpiles through. Bound to be some teething issues.

MKR Price at posting: 27.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 3.8¢		Change -0.001(2.56%)		Mkt cap ! $29.63M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.4¢	$36.25K	973.9K

Buyers (Bids)

No.	Vol.	Price($)
1	164020	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	65007	1

View Market Depth

No.	Vol.	Price($)
1	164020	0.034
2	129375	0.032
2	139274	0.031
1	152611	0.030
1	20000	0.029

Price($)	Vol.	No.
0.039	65007	1
0.040	150000	1
0.041	93293	3
0.042	100	1
0.043	25000	2

Last trade - 16.10pm 09/09/2024 (20 minute delay)

MKR (ASX) Chart