MKR manuka resources ltd.

10.8%

4.1¢

Thanks for the info. Yeah I don't invest in mining companies...

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happybear45

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23/06/22

16:23

Post #: 62167411
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Originally posted by GT55: ↑

DCNs problems started before they started. The deposit was originally mined 20 yrs ago as a very profitable high grade open pit. It was common knowledge (in WA) that in spite of the high grade nature of the deposit that the host rock was too soft to host an underground mine creating dilution of the ore to put through the mill. 3 years ago I stated this on HC and was laughed at after the SP dropped from $1.60 to 40c.
This problem was not actually highlighted by management and they CR and went mining again with plan to add an open pit. The SP got to about $1.30 and the GM resigned due to personal issues dumped his stock and then slowly the reality of the underground mine came to light for those with their eyes open. Of course most still held and when the quarterly numbers were anned it went back to 40c and slowly bled from there.
There’s always a reason as to why a mine isn’t profitable, so and I’m not giving you any advise here but quarterlies generally tell a story and I think one is due here in 4 weeks.

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Thanks for the info. Yeah I don't invest in mining companies unless I do a lot of research on the land they have claims on, which hopefully everyone does. It is one of the good things about MKR in regards to their claims, but until they make some decent coin they won't be able to utilize all of what they have.

MKR Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
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)

MKR (ASX) Chart

Thanks for the info. Yeah I don't invest in mining companies...

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Thanks for the info. Yeah I don't invest in mining companies...

Top Stories

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