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1.43%

6.9¢ manuka resources ltd.

While the operation hasn't been profitable the wet season in a...

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JuVue

31 Posts.

27/11/22

06:42

Post #: 65008457
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Originally posted by GT55: ↑

I don’t think anything is happening the silver operation is losing money and a CR will be needed when it goes into C&M in the new year but one thing that could come out of left field could be a sale of the silver mine and mill. It would clear the debt and maybe give them some cash to start the new project. So silver huggers here might need to buy into the new company to satisfy their silver desires, unless it’s a cash script deal but unlikely as Karp would want the cash for NZ.

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While the operation hasn't been profitable the wet season in a isually dry area and low silver prices are largely to blame. Next year we should see higher recovery rates and back to gold. $11M is not a huge debt. Certainly not worth selling the significant assets as silver prices are predicted to rise. (Maybe not to the level some in this group have been deluding to).

MKR Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.9¢		Change -0.001(1.43%)		Mkt cap ! $46.36M

Open	High	Low	Value	Volume
7.2¢	7.3¢	6.7¢	$7.694K	107.1K

Buyers (Bids)

No.	Vol.	Price($)
1	5795	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	6017	1

View Market Depth

No.	Vol.	Price($)
1	5795	0.067
1	77777	0.064
1	111000	0.063
1	500000	0.062
1	1000000	0.050

Price($)	Vol.	No.
0.070	6017	1
0.073	99326	1
0.075	100000	1
0.080	127073	1
0.081	12658	1

Last trade - 15.59pm 03/05/2024 (20 minute delay)

MKR (ASX) Chart