amp still accumulating, page-25

Tibbs,

How do you know about my "Bob-The-Builder's Superfund?"

LOL!!!

Actually that would be a good name for a Superfund.

I have been doing a fair bit of reading especially on MAK and the Phosphate business over the last few days.

Gee!!! I have just finished reading the last few weeks of posts here as well. That took hours. LOL!!!

One post that stood out more than others was Nevcop's Gold analogy. Excellent post. It made me dig further into the company and announcements.

Funny, YC has been talking about it for ages and i think i was more interested in I/O - Gold - and couple of others to show much interest at the time, as i thought it was just another ramp.

I have always been a slow coach.

Better late than never.

Also checked out RWD to compare risk to reward even though they are into Potash.

However,i am not a Mick Ruane fan, so it made it fairly easy for me to be drawn to MAK as an alternative Ag Business.
I also am a Ted Ellyard fan from the early HDR days even though i reckon WPL shafted us.

From what i have read so far, Andrew Drummond appears to be switched on as well.

So far, i have tried to look for a downside with the Wonarah Project. The only thing that i could see as a possibility would be if Phosphate did a j-curve within the next few years. However, even that seems very remote given the Demand side unless China resumed to be an exporter.
Anyway, i can't see that happening within the next few years.

Are there any other factors such as new producers coming on board within the next couple of years that could take a large chunk of market share?

Read somewhere, a few hundred posts ago that Joe Gutnik is involved with Legend. Also had a look at the IPL Presentation. Wow!!!

What are the possibilities of them fast tracking the Wonarah project before 2010 given the rising Phosphate price?

If all goes well, there may even be an opportunity to lock in some future production through hedging given the tightness of the market atm.

Just throwing in a few possibilities as i think out loud.

Anyway, MAK looks like a good little share to get into given its fairly low MC as for Risk v's Reward. Very promising!!!

Have some funds coming into my Super within the next day or two.

Looks like more traders are exiting the building as some of the Insto's are buying in.

All in all!!!!

I don't think i am too late.

Yipppeee!!!

Looks like i might join the merry "MAK ATTACK" brigade within the next day or two.

Cheers markco2