Mak is being heavily promoted and at this point is a little over high, there is nothing in concrete yet.
Im not saying this isnt a decent company, just that its over valued considering its position at this time.
If you were to look at FMG when they started they were not this high and they have a lot larger resource than MAK.
Much of the current share price has been driven through brokers and instutional gambling. I bet the next thing you will say is AMP but 7 million to amp is peanuts.
Mak is extremely volitile, this is backed up by the bounce between $1 and $2 recently after such a large run a drop in confidence would suggest there are factors at play that extend outside ordinary trading.
A good example of a highly profitable yet volitile share is MOL, they have molly resource but have bounced from $1 up to $7 then back down to $1.90.
This indicates that just sitting on a large resource does not make the company also lag, time and development can stall or even create a huge drop in share price.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.396M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $37.30K | 9.294M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 7037099 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1677255 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 6162099 | 0.004 |
13 | 8190337 | 0.003 |
6 | 4425000 | 0.002 |
6 | 10199950 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1677255 | 4 |
0.006 | 8890207 | 12 |
0.007 | 6580665 | 10 |
0.008 | 3773125 | 6 |
0.009 | 386000 | 2 |
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