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clock Created with Sketch. 07/12/23
16:23
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Originally posted by Bullelk:
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Well, you and I share the same pain of average cost of 17 cents. 17.3 cents for me, after averaging down, although I gave up buying more previously after my last purchase on market at 6.1, when the last placement at 6.1 occurred. The current run up is a big surprise to me, as I have been watching the S.P. evaporate. I have just been holding on hoping that the company will manage to stay afloat until the inevitable precious metals rally. Most of my gold stocks have been losing ground this week, and to see MKR bucking the trend without any announcements worthy of excitement implies to me that insiders may know something positive. On charts the SP has broken above the last attempted breakout at .05, and it's also broken above the 100 day MA with a gap. However, we are now approaching the level of the .061 placement, a natural resistance point. I don't think that the recent run up in gold and silver prices has brought in this renewed interest, considering that today's action is against sector trend. Can the company still afford to spin a drill? Maybe a good hit?
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And mysteriously Comsec shows MKR closed on it's daily high, at .059. Trading View charts show a 28.89 % increase this week. No obvious justification. But I like it.
