MKR manuka resources ltd.

Just looking at this stock and doing light DD.I don't see a lot...

  1. 642 Posts.
    lightbulb Created with Sketch. 46
    Just looking at this stock and doing light DD.

    I don't see a lot of reason that the inferred resource wouldn't be upgraded to indicated and as such the 80MM market cap seems quite reasonable. I expect gold and silver prices to stay roughly where they are. Roughly AUD100MM worth of gold and say AUD35MM worth of silver. The debt is relatively high but the debt to equity of about 1 is not prohibitive and I understand it is getting paid down fairly quickly.

    It would be nice to pick up the shares closer to 20c but the recent positive announcement and the two new higher highs and possible double bottom on the daily the technicals are looking good to, though needs confirmation.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
3.9¢
Change
0.002(5.41%)
Mkt cap ! $32.50M
Open High Low Value Volume
3.8¢ 4.1¢ 3.8¢ $44.83K 1.128M

Buyers (Bids)

No. Vol. Price($)
1 87157 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 194032 2
View Market Depth
Last trade - 15.59pm 18/06/2025 (20 minute delay) ?
MKR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.