MKY mky resources ltd

so lets take a look.

  1. 3,754 Posts.
    Always make your own decisions
    below is my opinion


    Current sentiment of MKY seems to be people are feeling annoyed with the lack of this companys ability to communicate.
    We are all feeling the same way.

    Lets look at the big picture here.

    Mky is in nth Qld,so it shuts up shop for the wet season,being 4 months.
    dec,jan feb and march,we are currently one week into march.

    Soon as the wet season is over progress will kick off at full steam.
    Personally if I was to sell it would be before dec or after apr-may.

    To sell in the last month of the wet season is bloody silly imho.

    The only reason I would sell would be if the company was to be going broke.
    Is this likely to happen?


    NO....As from the last 6 month report Mky has $3 846 796.
    current spending is at $351 000 per 6 months.
    At that rate of spending they have 5.47 years worth of money left.
    Money is not a problem.
    Dont take my word for it,the figures are all in the last 6 month report.

    I personally see a great buy.






 
watchlist Created with Sketch. Add MKY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.