Even the "greatest" drill results within some reasonable expectation would probably only see a doubling of stock price anyhow. Which is irrelevant to the potential in this stock if silver moves like it should. I mean as a stock holder you want all good news but in terms of what matters to the stock price I don't think it matters that much even if all the drill results return 0 silver/gold.
If you think silver/gold price is going to replay 2021 you should sell MKR as soon as you can IMO. You will likely not get a better price than now if you think that. Only hold and buy more if you think it is going to move north this year, otherwise get out, too many risks otherwise. And this advice doesn't apply only to MKR but most of the smaller cap silver/gold stocks.
MKR is going to be the biggest mover with silver IF/WHEN it moves. But if you don't think that will happen there is no reason to own it IMO. I suspect most of us here are here because we think silver will move and that is why we see little sell off. But like anything worthwhile in life there are risks involved with this, if there were no risks then the MKR price would already be $5.
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MKR
manuka resources ltd.
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-16
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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 |