MKR 8.11% 3.4¢ manuka resources ltd.

Ann: Resource Upgrade - Mt Boppy Gold Project, page-25

  1. 9,788 Posts.
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    @Saltminer

    i have forgotten nothing. i just know how the market works. My position in eqe was up 100% in 2 days - and thats an exceptionally poor management team and a long way from having anything other than 'gonna'

    MKR actually has a net tangible asset - cashflow issues and the fact it was a cooked up private equity IPO with dodgy debt to juice the vig .

    Understand the plant is a unicorn asset in the current context

    the reality is small mills have a terrible history because cost overuns are typically such killers.

    only in a mega bull market does that change

    the complexion of things can sometimes change - though i dont believe so in this case

    but as always your best protection is early entry


 
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