Applying this notion to MKR is simply absurd. There are very good reasons why the equity market does not support this Company:
The assets are marginal economically
They are of very modest scale
The management is amongst the worst in the sector and the Board is hopeless at holding Exec to account, particularly the EXECUTIVE Chairman - corpoate governance is worst in class
Exploration blue sky is nonexistent, been historically overhyped and delivered nothing despite being in one of the most prolific base metal basins in eastern Australia
The company is extremely over-leveraged
Management have confused the market with this ridiculous foray into an entirely different commodity in one of the most challenging regulatory and anti-mining jurisdictions globally
Historically the processing of the silver has been uneconomic
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