Well I am glad I did not enter 10 years ago, but chose to enter at the lower ebb. I am attracted to unloved stocks on a rising market because that is where I see value. That's the point, considering a prospective program is linked to a rising world market in gold, copper and silver and various elements associated with intrusive complexes.
That is the opposite to what has faced the sector in gold and copper in recent years.
The trend is your friend and its cyclical. When a company has got cash and when there is rumour the market in Oz will see a strike on capital with a change of government, then MBK are better placed than many to succeed. Gold running approximately $1800 an oz and costs are approximately $900 and oz in Aussie dollars, then the maths stacks up.
It also makes sense to bed down prospects like 8 mile. Their stated goal is to find new resources and the technology is there to do it but the prospect until now of rising prices has not been there to enable it.
For some the glass is half full, and others it is half empty but do they understand risk and reward and probability? The broker thing has been done to death over a sustained period and that is reflected in the price. I question the motives of sustained down ramping when stocks are not held and it IMO may indicate a longer term play in mind for others. Goes with the territory and testing the market to flush out sellers. Hardly surprised.
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.856M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 916238 | 0.014 |
2 | 51600 | 0.012 |
2 | 91700 | 0.011 |
1 | 100000 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 459965 | 4 |
0.018 | 40000 | 1 |
0.020 | 6875 | 1 |
0.022 | 35000 | 1 |
0.025 | 30000 | 1 |
Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
MBK (ASX) Chart |