MKO 0.00% 7.0¢ metaliko resources limited

share price, page-18

  1. 23,832 Posts.
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    good points 5hareholder

    also interesting / reassuring that the stock is oversold and very much undervalued, MKO is now trading at LOWER than before the JORC was announced.

    we were trading at around the 20c mark from memory on the back of some drill results and anticipation of 100k ounces of gold

    since then, we have had a JORC that well exceeded expectations and extremely favourable metalurigc testing results

    HOWEVER we have also had delays between the JORC's and 9 straight losing sessions on the DOW

    even valuing this at a conservative $50/oz would be close to double the shareprice, so around the 25c mark. which is still undervalued IMO given they have MTT

    also not to forget the two (2) potential company making tenements coming up within the next couple of months being bullabulling and windanya

    remember that bullabulling neighbour's have a 2 million oz JORC and windanya some pretty nice results from other COY's there too

    the sellers between 12.5c and 20c is less than $200k worth of stock ... they can move this thing 10%+ with only $5k of stock
 
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