I'm yet to dip my toe here in MKR (my June '23 comp. tip) as still waiting on the sidelines/on watchlist for now ( decided on YOJ instead the other day @ 0.014 )
Good luck! ?
I'm yet to dip my toe here in MKR (my June '23 comp. tip) as still waiting on the sidelines/on watchlist for now ( decided on YOJ instead the other day @ 0.014 )Been caught out dipping my toe before.
Lucky to have any feet left , much less toes.
I will buy more, but not until I have some (very) convincing signs it has at least bottomed, if not turned upwards.
mick
Good news this morning as MKR announced that gold production has recommenced at Mt BoppyBeen caught out dipping my toe before.
Lucky to have any feet left , much less toes.
I will buy more, but not until I have some (very) convincing signs it has at least bottomed, if not turned upwards.
mick
MKR now @ 0.063c +5%Good news this morning as MKR announced that gold production has recommenced at Mt Boppy
Market depth improved significantly this morning with MKR trading @ 0.06c +11.11% .. dyor
Gee whiz pre-market decent 400K bid steps up @ 0.065c .. "leaky good news" on the way perhaps !? ?
Nice finish today @ 0.06c +13.21%MKR @ 0.057c +7.55% market depth looks bullish imo as 2.41M buyer's versus only 788K seller's .. dyor
MKR now @ 0.065c +8.33% on good volume/momentumNice finish today @ 0.06c +13.21%
MKR Share Technical Analysis | Manuka Resources Limited
Current Technical Analysis and interactive chart for $MKR stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.asx.swingtradebot.com
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Yeah Mick unfortunately MKR cash position is dangerously low for my liking - noticed big 520K parcel seller appeared this afternoon @ 0.055cThe cooking show stock quarterly out, and its not great reading.
Cash is dangerously low after they started the Mt Boppy gold production again.
But they say that the gold receipts did fall within the quarterly so it kinda skewed the results.
They aim to get 22-25k ounces a year to fund the next three years of exploration.
Nice for keeping all the workers and execs in a job, but SFA for shareholders.
Still nothing concrete on the Wonawinta silver deposit, which was the main reason I originally bought into the share.
Not happy jan.
Mick
MKR strong finish @ 0.055 +10% on very good volume!Big buyer stepped up this morning in MKR @ 0.052c
P.S. Commenced Gold production output recently which will help/improve their cashflow margins given AUD Gold price close to $3K!
Good summary there Mick as appreciate your thoughts (thanks).The cooking show stock released an updated MRE today, and the stock went down 6%.
Obviosuly the market was not that impressed.
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On the face of it, one mightb be tempted to think the market was a tad harsh, 360% increase looks pretty substantial.
Problem is a 360 increase on an inital 40k tonnage is still less than a 5% increase on a 2 million tonnage.
its gone from sub atomic size to minuscule,
I was really interested in the Wonawinta silver project, but there is precious little info about the refurbishment of the processing facility to increase its nameplate capacity to 1mt p.a, despite having a larger number of pesonesll than at the Mt boppy mine.
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The current gold production is really all about keeping the company alive before they come out with some sort of plan for wonarinta.
There is already some sizeable CAPEX that has been done by the original owners, Cobar Consolidated before the administrators took over, and MKR have done further work on installing ball mills and upgrading electric drives.
But apart from processing some stockpiled Orebodies, mining at Wonawinta has been in suspension, with very little information about what happens next.
Since its inception MKR has chewed up the money of the shareholders while keeping staff and contractors on a nice wicket.
I suspect it will never make enough free cash to provide shareholders with anything except hope.
Mick
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