MKR manuka resources ltd.

panicking about precisely zero. because you look only at this...

  1. 9,862 Posts.
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    panicking about precisely zero. because you look only at this one stock in isolation - not at the silver sector in general - and you dont understand how the stock market works

    at risk of wanting to neck myself trying to explain it again - in itsy bitsy language

    think of MKR like an exceptionally advanced silver developer. not a producer. it isnt priced on earnings mutliples. because it hasnt shown any major earnings.

    and even if it was it wouldnt matter - stock SPs are priced on spot metal price correlations even for producers. Have a look at gold stock prices atm EVN, SLR etc. EVN just announced record earnings and the SP is ~40% below where it was 3 months ago

    these are the current Silver comps based on sps of 2 days ago

    https://hotcopper.com.au/data/attachments/2993/2993353-8f8262cf011b25863dd4d4747856a9b2.jpg

    the only issue MKR's current producer status raises that can affect the sp vs the other developers is if negative net cashflow requires it to raise money when others dont.

    MKR has fallen to 35c because bots and or pros are pricing daily trades in line with the Silver spot price action - same time MKR fell to 35c, ARD fell to 6.6c from 7.2c, IVR fell to 8c from 9.2c

    and it was because a big rally in US 10/30 yr bond yields crashed the gold price and pushed down silver - which has now bottomed out

    MKR is a superb buy here so long as you think Silver is going to remain in a technical bull market. Its sp will be dictated by that Silver spot price - not earnings - unless and until it actually builds a long term record of material positive earnings and so starts to attract institutional buying on an earnings multiple.

    pros buying now arent 'earnings/value' buyers - they are risk oriented silver bulls - same as most retail investors, just doing it on a more sophisticated basis








 
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(20min delay)
Last
4.2¢
Change
-0.003(6.67%)
Mkt cap ! $35.00M
Open High Low Value Volume
4.5¢ 4.5¢ 4.2¢ $12.68K 294.5K

Buyers (Bids)

No. Vol. Price($)
2 15400 4.2¢
 

Sellers (Offers)

Price($) Vol. No.
4.3¢ 7938 1
View Market Depth
Last trade - 15.55pm 31/07/2025 (20 minute delay) ?
MKR (ASX) Chart
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