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
MKR
manuka resources ltd.
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Ann: Manuka - Wonawinta Silver Project Mineral Resource Update, page-46
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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($) | Vol. | No. |
---|---|---|
4.3¢ | 230000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 152591 | 0.041 |
1 | 1617125 | 0.040 |
1 | 500000 | 0.039 |
1 | 50000 | 0.038 |
6 | 404115 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 101137 | 1 |
0.046 | 26886 | 2 |
0.047 | 333133 | 1 |
0.048 | 77777 | 1 |
0.050 | 1652843 | 5 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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MKR (ASX) Chart |