MMA maronan metals limited

Ann: Change of Director's Interest Notice - Matthew Hine, page-8

  1. 2,619 Posts.
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    Last trade of today? 110 shares for $24.20 at 22 cents a share on CXA is indicative of the price manipulation designed to keep the price low!

    I think that is just as much a factor as anything the Co is either doing or not doing!

    I further think the price of silver itself is being deliberately being kept low whilst some major actors are accumulating masses of gold.

    Traditionally Gold trades at a multiple of around 70 times the silver price, but for the past yonks it has been gold at 100 times the silver price.

    An example from close to home. A friend has been buying physical silver bars which are already well north of his purchase price, and he continues to purchase physical silver.

    From Google's AI:
    "For many centuries, China's monetary system relied on a silver standard. Silver was used as a medium of exchange, facilitating trade and economic transactions
    Silver played a crucial role in China's economy, influencing trade, taxation, and savings. It also played a part in China's relationship with other countries, particularly in the 16th to 19th centuries when silver was a key element of global trade.
    China's demand for silver drove the global silver trade, with nations like Spain and later Britain supplying silver to meet China's needs. This trade had significant economic implications for all involved
    While the silver standard in China eventually declined, the nation's interest in silver persists, especially in the context of its growing economy and industrial sectors. Silver is still used in various applications, including manufacturing and jewelry. "

    The west purchased goods from China for centuries using silver!

    I further note that: (from Google AI)
    Silver is used in airplanes, particularly in aircraft engine components. Silver plating is used on engine fasteners and bearings to reduce galling and improve lubrication at high temperatures, even up to 1200°F. Silver's high conductivity, corrosion resistance, and catalytic activity also make it valuable in other aerospace applications.

    Silver is an additive in certain aluminum alloys used in aircraft construction. For example, aluminum alloys used in aircraft structures are often mixed with other elements like copper, lithium, magnesium, manganese, silicon, and zinc. The composition ratio of each alloy is adjusted based on its specific application and intended use.

    Silver has numerous industrial applications, with major uses in electronics, photovoltaic (solar) panels, and the automotive industry. It is also crucial in medicine, chemical production, and as a catalyst.
    Silver's excellent electrical conductivity makes it vital for switches, contacts, and conductive adhesives in various electronic devices.
    Printed Circuit Boards (PCBs): Silver is used in the manufacturing of PCBs and semiconductors.
    Multi-layer Ceramic Capacitors: Silver is a key component in these capacitors."

    It could be that China intends to accumulate silver once again, not only for store of value but for industrial purposes, some applications for which have not even yet been identified, due to rapid rate of technological change. It is already trying to dominate world supply of rare earths for example.

    Recently it banned exports of rare earths to the US, which prompted on of Trump's many back flips. But China is buying shares in other rare earth explorers around the globe. NTU in Australia, where it was forced to sell its stake as being against the national interest. But it is snooping around rare earth explorers in other places such as Africe and elsewhere. So, it would not surprise me in the least if China is making a play in silver and silver mines and explorers around the world and trying to suppress the price of silver whilst accumulating a huge hoard of it.
 
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Last
23.0¢
Change
-0.010(4.17%)
Mkt cap ! $46.28M
Open High Low Value Volume
23.5¢ 23.5¢ 22.0¢ $98.78K 429.5K

Buyers (Bids)

No. Vol. Price($)
1 2500 23.0¢
 

Sellers (Offers)

Price($) Vol. No.
23.5¢ 10000 1
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Last trade - 14.58pm 17/06/2025 (20 minute delay) ?
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