Well I like the drop part of the rollercoaster... not so much on a share price. Reality is this is a high risk stock and it is going to be volatile. I got into Manuka as I believe they are the best play on the ASX for leveraged exposure to the silver price and they have a healthy number of catalyst's within the next six months. If we had a pure play Silver company with similar characteristics/size to NST/SAR etc I would have likely gone for that safer proposition.
It's early days for MKR but to date they have done what they said they would do, have had a favourable externality (Ag jumping almost 70%) and likely to benefit from the beginning of a serious bull run in PM's and M&A activity in the next few years.
I look forward to the new drill results before xmas.
Interesting how quiet MKR has become since the AG price entered into a consolidation period. Lets hope Sprott and GSP are right re the december Comex positons and we get ourselves a healthy xmas gift!
MKR Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
