We're pleased to provide the updated research report for Manuka Resources (ASX: MKR) with a valuation of $0.99. As MKR is currently trading at 38.5c, this valuation represents a target return of 157% within 12 months.
We're pleased to provide the MKR update just received from Claymore Capital, adviser to MKR since its inception. With Gleneagle's clients having invested in the pre-IPO (15c) and the IPO (20c), we remain excited about MKR's prospects. Please also:
Manuka Resources Ltd (ASX: MKR), which we helped IPO at 20c and is now 35c - up 75% since the IPO 2 weeks ago.
We're pleased to announce that a Gleneagle "House" stock, Manuka Resources Ltd (ASX: MKR) commenced trading on the ASX at 10.30 am this morning. It's current price is 26c (v IPO price of 20c). Gleneagle funded the pre-IPO and a significant part of the $7m IPO.
We are pleased to start providing regular updates on the first series of fracks by Helios Energy Ltd (HE8). Gleneagle is proud to be the adviser for HE8, having been associated since it's RTO at 2c 2 years ago. Up over 800% since then and more joy ahead upon a successful frack. Below is the update from the past two announcements today and Monday: