Chalea,
Interesting that you keep on dropping in here to add your comments. I guess that you must be looking at entering MAK at some stage?
You were correct in your previous chart when MAK broke the uptrend though and it has been on a downtrend ever since.
It is easy to chart a downtrend however at some stage this downtrend will cease and it will crab along instead.
To assume that the trend will continue all the way down to 28.5 cents is a little too assumptive IMO and implies that no value is given to the Phosphate project at all and implies a fully diluted market cap of only 31 million.
If MAK continues to come up with proof that they will be mining in less than 2 years the share price won't languish at these levels for that long at all. AD has indicated that they might be able to get an early cash flow which implies a lot sooner than that as well.
That is obvious IMO. Any one that has been keeping a close eye on MAK will know that progress is going ahead very strongly. The latest is the NT Minister giving a project the Major project status to construct a common-user bulk mineral distribution facility in Tennant Creek.
Champ
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.74M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $3.3K | 300K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 5834004 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 154900 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 5834004 | 0.010 |
4 | 4026000 | 0.009 |
4 | 904999 | 0.008 |
1 | 500000 | 0.007 |
5 | 10755000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 54900 | 1 |
0.012 | 1942510 | 5 |
0.013 | 1674703 | 6 |
0.014 | 2239999 | 3 |
0.015 | 2590146 | 5 |
Last trade - 10.00am 04/10/2024 (20 minute delay) ? |
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