Australia's largest stock trading and investment forum Australia's #1 stock forum

MKR

Click for more information

0.00%

6.9¢ manuka resources ltd.

Interesting. Wondering why you still hold though?

First 25 Last

Share
Profile

Follow
Verily1

13,344 Posts.

2510

23/04/24

15:58

Post #: 73479683
Share

Originally posted by Giantpandastock: ↑

Well the going concern memo basically says it has to continue the CR - it’s literally one the worst things a company may have in the going concern section (i.e. going concern basis still “acceptable” for the auditor to sign off, although EY does not give a damn about this company based on the quality of the auditors report - can tell since I am ex-big four)

Therefore I don’t really expect the trades payable can be paid off any time soon and it’s quite obvious that there’s a big CR coming up since they want to set up another production line. Guessing they have creditors back up sounds really funny to me as I can tell the company is just trying to scam people using TTR.

It’s a sinking boat and will definitely be taken over by another company by EOY - the company did not formally get invited to fast track TTR - it’s such an exaggeration and there’s a long way to go (I am based in nz so I know how it works here). See below:

https://www.rnz.co.nz/news/political/513818/minister-questions-mining-company-s-fast-track-invite-claim

Expand

Interesting. Wondering why you still hold though?

MKR Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 9 more messages in this thread...

First 25 Last

Add MKR (ASX) to my watchlist

(20min delay)
Last 6.9¢		Change 0.000(0.00%)		Mkt cap ! $46.36M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
5	286533	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	12013	1

View Market Depth

No.	Vol.	Price($)
5	286533	0.069
1	5795	0.067
3	577777	0.064
1	111000	0.063
1	5000	0.060

Price($)	Vol.	No.
0.068	12013	1
0.069	475899	2
0.072	285000	1
0.073	99326	1
0.080	127073	1

Last trade - 10.18am 08/05/2024 (20 minute delay)

MKR (ASX) Chart

Day chart unavailable

SPONSORED BY