I don't think that anything is wrong per say with MKY or...

I don't think that anything is wrong per say with MKY or management. It is much like many other little speccies, they run hard in front of news and fall just as hard once it is out. The folks making money are obviously buying sub 4 cents and selling out on any rallies from there.

If you want to make money in this one buy it when it is getting punished (like now or close to) and sell it when everyone is scrambling for them.
I am not sure it is a good buy and hold as it pulls back so hard every announcement, just a great traders stock for now. Why would you want to tie your capital up in a stock which flatlines for weeks between announcements?

Any mining or JORC estimate is a long, long way off for these guys just keep that in mind, this is not a company on the cusp of cashflow by any means.