MKR manuka resources ltd.

Ann: Manuka - Wonawinta Silver Project Mineral Resource Update, page-46

  1. 9,822 Posts.
    lightbulb Created with Sketch. 3497
    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
    https://hotcopper.com.au/data/attachments/3214/3214443-051d57ad743915c6d16067b40d450de7.jpg


    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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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) ?
MKR (ASX) Chart
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