MKR manuka resources ltd.
Add to My Watchlist 10.8% ! 4.1¢

They only produced for 2 months in the June quarter and were in...

  1. edshann
    2,471 Posts.
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    29/08/20
    16:17
    Post #: 46920716
    They only produced for 2 months in the June quarter and were in start up with final commissioning not expected until August. They produced 3628 oz in the June quarter and plan to produce 22000-24000 over 12 months. In addition the price received was $A2555 oz gold. Current price is around $A2650.

    So around 4500oz per quarter over the next 4 quarters at $1400 net per ounce is say $6 million per quarter.

    Balance at June Q $1.5 million plus IPO $7 million plus $24 million earnings equals $32.5 million.

    Pay down $19 million debt ($US 14 million at current exchange rate).

    Plenty of room for spending on any capital and exploration.

    The other working capital debt cannot be repaid until the $US debt is retired.

    MKR Price at posting: 61.0¢ Sentiment: Buy Disclosure: Held
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Last
4.1¢ 		Change
0.004(10.8%) 		Mkt cap ! $34.17M
Open High Low Value Volume
4.1¢ 4.2¢ 3.9¢ $335.3K 9.000M

Buyers (Bids)

No. Vol. Price($)
2 152591 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.3¢ 230000 4
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
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