pleased if it helps @gc2016
ill add this
the computers and pro traders behind dark pools still price off 'truth' in the end.
So Im not saying there is no CR risk - nor am I saying you should totally ignore apparent sp action
but on the way to 'truth' - they have huge scope to knock stock prices around within a technical setting - especially stocks as illiquid as MKR
and imo what is happening in MKR at the moment is a classic of its type - aimed at frightening chartists and retail out of their holdings
I have lost count of the number of times I have seen a chart like this - see how the sp is dangling below rising low technical resistance - just as the overall chart pattern comes to a breakout point
market manipulators do that because they know technical traders tend to have stop losses set within 5% below that line
all that - while gold has broken above key technicals and silver is right on the cusp
So - there is a real world CR risk over next few months depending on gold price and production outcomes - which is part of why the stock is fairly illiquid
But - its more likely what you are seeing is simply market manipulation by pros and their computer system aimed at getting themselves shares at lowest possible prices prior to a silver stock breakout
while MKR is a gold producer currently - its clearly acting as a silver stock
and beind all this is that the chart reflects the 'binary nature' of the stock's outlook.
Sharp rise in gold and silver prices - MKR will go from dilutionary risk story to greedily bid
Sharp fall - the dilution risk will increasingly be seen as certainty
that reflects the fact is a very highly leveraged income stream - which is a two edged sword
which is why flows are light and the game players can knock it around easily - up until we see either gold/silver breakout much higher or the opposite
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Ann: Manuka - Wonawinta Silver Project Mineral Resource Update, page-46
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Last
4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.34M |
Open | High | Low | Value | Volume |
4.6¢ | 4.7¢ | 4.6¢ | $47.96K | 1.041M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 88832 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 356765 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 88832 | 0.046 |
3 | 554142 | 0.045 |
8 | 881021 | 0.044 |
1 | 5000 | 0.043 |
1 | 12000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 96765 | 2 |
0.048 | 177939 | 5 |
0.049 | 204197 | 2 |
0.050 | 200000 | 1 |
0.051 | 77777 | 1 |
Last trade - 15.29pm 25/07/2025 (20 minute delay) ? |
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