Indeed, could net them a few extra million in cash without much rise in price from here. Regardless of the stockpile though they are still sitting on a decent silver resource that is not far away from being mined compared to every other similar competitor on the ASX.
As much as I have a financial interest in BML I just can't see how these current conditions are enticing for investors in developers even if silver quadruples. I suspect we will see significant SP increases in anything touched by silver in that case but a repeat of the last 18 months in the next 8-12 months for developers. I think many investors in silver developers have learned the lesson from the last 18 months and jump once the going seems good. These developers are going to find hundreds of millions in potentially the worst recorded economic period known with high inflation and basic resource shortages?
At least MKR is running on the ground right now as bad as that has been in the last 6 months given the silver price. This could be like the Forrest Gump moment where all the silver developers that are compared to MKR just nosedive due to the financial conditions and there is only one guy left out there actually mining silver because all the capital to already do so exists.
The troubling thing to me is these economic conditions we find ourselves in I already predicted would happen, just 2 years later than they have. And my prediction was that silver would move before then, and it hasn't happened. So it could be the boat has sailed and we are just in the dire end times of our financial system without a window to take advantage of silver and gold on the stock markets.
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MKR
manuka resources ltd.
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Indeed, could net them a few extra million in cash without much...
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.84M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.7¢ | $5.222K | 141.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 134315 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 134315 | 0.037 |
4 | 358773 | 0.036 |
1 | 10000 | 0.035 |
2 | 135709 | 0.033 |
1 | 3187 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 50000 | 1 |
0.039 | 4612 | 1 |
0.040 | 20000 | 1 |
0.042 | 40000 | 1 |
0.043 | 60000 | 1 |
Last trade - 12.04pm 17/06/2025 (20 minute delay) ? |
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RC1
REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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