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MKR

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5.8¢ manuka resources ltd.

Ann: Resource & Production Update - Completion of Phase 1 Gold, page-12

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Rubiconis

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14/03/22

10:56

Post #: 60173946
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Originally posted by happybear45: ↑

If this last gold pour isn't part of the 3M cash they said they had it also shows how poor the planning of this CR is. Imagine even if they held off 2 months of processing before doing the last gold pour so their cash looked worse than it would be 2 weeks later.

There was a massive bull signal going off on the day before they did the CR, silver was going up, there were a lot of green candles on MKR in the week leading up and then you call a CR to halt the potential of SP being over 40c that week of the raise. You don't even pull a little sweetener "monthly report" right at this point, today, to say you sold all the gold and here is our current cash on hand nearly matching our debt. Would have sent SP even higher, then you pull out of a CR if you're desperate to keep going gung ho on drilling when the SP is around 50c which is roughly what it would be given all that info and the silver/gold market.

It looks more and more suss the longer I think about it and as more information comes in. 2 weeks of downtime in switching over to silver when you have 5-6M cash in hand isn't some red alert signal we need CR quick quick quick. The silver stockpile is profitable even with diesel being double what it is now. Would be good to hear what someone like @goldbear77 thinks about it.

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What is the AISC $/ounce of the silver project?

MKR Price at posting: 30.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 5.8¢		Change 0.002(3.57%)		Mkt cap ! $45.22M

Open	High	Low	Value	Volume
5.7¢	5.8¢	5.6¢	$26.77K	469.1K

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No.	Vol.	Price($)
4	361164	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	137251	2

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No.	Vol.	Price($)
4	361164	0.056
1	99	0.054
1	93918	0.053
1	20000	0.052
1	1500	0.051

Price($)	Vol.	No.
0.058	137251	2
0.059	205511	2
0.060	929119	6
0.061	449999	2
0.062	151375	1

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Ann: Resource & Production Update - Completion of Phase 1 Gold, page-12

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