what am i misssing here, page-55

Just like the old SMM days only better. Problem with all the uranium plays was everyone got diluted by the capital chasing lots of IPOs placements etc. From a couple of U players the market turned into heaps of them all chasing the speccy dollar.

SMM and PDN were the perfect speccies. I sold out of PDN to early but held my SMM through all of the discussions about it being crap, filling the gaps, pump and dumps etc etc etc.

MAK is a lone player in the Rock Phosphate market. Like SMM there is a large (IPL) player sitting next door. IPL at $138 a share too hard for the 10 Bagger crowd. MAK on the other hand is PERFECT.

1. Right commodity
2. Tight register with only 42m shares.
3. Phosphate has no substitutes and UNLIKE Uranium is Rare.
4. Market Cap (Ignoring options) - $47m

5. IPL was $115 on Jan 1. Yesterday IPL was $138.50. The value of IPL has increased $1.2 BILLION (IPL has roughly the same number of shares as MAK).


Guaranteed next time it falls all of the Bears will be out talking about Gaps and pumps and dumps and look at all you fools who bought it. My view, for what its worth is if you like the Phosphate story, like the management (Just like I used to argue to everyone on SMM), Cheap market cap. Then put them all on ignore and offer to buy them a bottle of bubbles in a few weeks.