MKR - Manuka Resources

[mullokintyre]

Takes a long time to a get a mine going in New Zealand, starts to resemble the timelimes of aanother New, this time South Wales.
16 years and counting.
Mick

 

[Telamelo]

Yrp

Takes a long time to a get a mine going in New Zealand, starts to resemble the timelimes of aanother New, this time South Wales.
16 years and counting.
Mick
View attachment 165836

Yep Mick you can say that again - come join me in KAU club lol as similar predicament/dilemma with sp at 52 week lows despite AUD Gold at almost record highs.

Most Gold stocks unfortunately continue to be unloved but thinking only a matter of time till tide changes. I'm holding steadfast in hope.

P.S. Been in & out of MKR 3 times these past 12 months.. thinking of perhaps taking the bait again soon

 

[mullokintyre]

As part of the company AGM, and the following slide was part of the chairmans address.

I wrote to the company to what economic conditons caused its production halt in the first place, what level of economic conditons are required to dictate its opening.
Just like the last time I wrote to the company, got zilch in response.
Have put this lot of directors into my extensive director black list.
Mick

 

[mullokintyre]

MKR having a few up days in a row on reasonable volume.
Hit .056 today after its low of .041 back in late November,
Not getting excited yet, still has a long way to go before I am in the money.
Maybe the market thinks the economic conditions are ok to reopen the Wonawinta silver production
Mick

 

[mullokintyre]

MKR having a few up days in a row on reasonable volume.
Hit .056 today after its low of .041 back in late November,
Not getting excited yet, still has a long way to go before I am in the money.
Maybe the market thinks the economic conditions are ok to reopen the Wonawinta silver production
Mick

And today its up 36% on some goodish volume.
Someone wants a chunk of this one.
Still only half way to my average buy price of 0.162.
To those chartists who interpret these things, can I safely assume its closed well above that down ward channel it has seen to be stuck in since the beginning of the year?

Mick
0.162

 

[mullokintyre]

The Cooking Show Stock is up another 6% today on good volume.
Next stop is most recent high of 10.
Abundant riches await me.
Mick

 

[mullokintyre]

MKR got a please explain from the headmaster.
Nothing of importance they said, just the market reacting to some pronouncements by the newly minted New Zealand Government re
REMS.

the Company understands that the New Zealand government will begin a process whereby it will “Investigate the strategic opportunities in New Zealand’s mineral resources, including vanadium, and develop a plan to develop these opportunities”2 and that such initiatives may include the creation of a Critical Minerals List3 and a fast tracked consent and permitting process for natural resource projects that are considered by the government to be of “national significance4”.

Still plenty of buying this morning, so perhaps the run up is not stalling just yet.
Mick

 

[mullokintyre]

The cooking show stock in Trading Halt pending another skim off for the sophistos and other important people.
Still no response from the Co about my qeeries re the silver production.Mick

 

[mullokintyre]

MKR having another run, up 15% today.
Maybe all the instos and sophs have taken their stag profit after the company gave them the gift of el cheapo shares at 0.07.

Mick

 

[Dona Ferentes]

MKR having another run, up 15% today.
Maybe all the instos and sophs have taken their stag profit after the company gave them the gift of el cheapo shares at 0.07.

I noticed that ... or in sympathy with MAG getting Fortescue on board their NSW project?

 

[mullokintyre]

Having another run today, approaching a 12 month high.
not spectacular volume, but above average.
Mick

 

[mullokintyre]

The chart for the cooking show stock having another go at breaking into double figures,
Will it hold this time?
Announcement about shifting to on site processong at mt Boppy rather than trucking the ore to Wonawinta silver mine processing plant.
This is great news because it will cost a lot less process on site rather than trucking ore 150 km's.
But from my perspective, the better news is that it will free up the Wonawintra plant to allow a restart of silver mining/processing at Wonawinta.
I fully suspect the improved silver prices are part of this procedural change.
Mick

 

[mullokintyre]

MKR still planning on producing first gold from Mt Boppy on site plant in Qtr 4 of 20224.
The latest announcement did not tell me much of what I already knew.
Will i ever get my money back on this sucker?
Mick

 

[mullokintyre]

In a moment of perverse stupidity, I chose MKR for the September comp.
It is down today, about 8% down, so I hope it keeps falling till the start of September, then it can rattle up again.
Fortunately for them, they already have permits for their mines, so unlikely to be kneecapped by that scrag Plibersek.
Mick

 

[mullokintyre]

Damn, the cooking show stock has taken off early, up 16% today.
Maybe its a few more of the silver hunter punters who jumped out of SVL.
Mick

 

[mullokintyre]

Bloody Hell, MKR up another 21% today, the last day before the sep comp starts.
Why couldn't they wait until next Monday?
Mick

 

[Dona Ferentes]

Bloody Hell, MKR up another 21% today, the last day before the sep comp starts.
Why couldn't they wait until next Monday?

did another run today, first day of September... at one stage, we're talking 0.1c increments, it was up 22 per cent... closed 18 per cent higher.

1.

mullokintyre

MKR

0.027​

0.006​

22.22​

 

[mullokintyre]

So can we halt the comp now??
Mick

 

[Dona Ferentes]

So can we halt the comp now??
Mick

until 10 a.m. tomorrow, sure, but after that?

 

[mullokintyre]

I really am not sure why I have persisted with trading MKR, but I do.
The 5 Year chart looks awful.
Must be a lot of punters out there who have lost their shirts and other items of clothing.
Mick