Also interesting that this diesel price will shakeout a lot of struggling copper/zinc/lead miners, along with primary silver miners, and reduce silver mining output this year likely by 10-20% depending on the severity of the diesel price. In a silver mining space that is already declining YoY.
When demand is growing for silver in solar panels, electronics, war products, etc even in a global depression, and there is less of it being made it will help with the current physical squeeze going on. If you can find a company to invest in that is on the silver now and can outlast this current phase I think you will be seeing rainbows soon.
MKR can survive for at least least 6 months with crazy diesel prices, I suspect the diesel craziness should only last for a month or two but with timing anything right now given global conditions, who knows. Crazy diesel prices will kill nearly every sector if sustained, not just miners so I can't see them letting it continue unless they have lost control of the market. And maybe worrying about ASX stock prices in such a scenario isn't going to be on anyone's mind when no food is being trucked to Coles and you can't drive to work.
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MKR
manuka resources ltd.
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Also interesting that this diesel price will shakeout a lot of...
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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 |
2 | 550000 | 0.038 |
1 | 300000 | 0.037 |
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 |