can mak be a multibagger, page-7

Macrae Im all for sticking your neck out and predicting but you've been very wrong on MAK. Just last week on the 5/3 you suggested that if MAK drops below 38c there will be a sell-off and you had a sell recommendation. Well it did drop below 38c (36c from memory) and a week later its at 51c.

You keep talking about this massive dilution by the third quarter. You still don't seem to realise they are going to build a producing mine. They aim to be producing within 8 or 9 months. They will need to raise money whether they have $13mill in the bank account, $25mill, $5mill or nothing. Their current cash situation, other than what they have will take them into the 3rd quarter, is a mute point, it is meaningless.

They have a very valuable quality resource. Dilution will be minimal. An offtake agreement is the most likely but some are not discounting a bank loan arrangeent as it is a very short payback time. Directors own 25% of MAK, major holders own over 40%, there is no vested interest or reason for any massive dilution.