everyone's depressed --> time to buy?, page-2

All the positives for Mak have been said over and over so the negative view has the floor at the moment. Traders who have sold out around these levels, in the absence of news, will need a worthwhile price fall to justify re-entering. Many would like to re-enter I'm sure but the psychology of investing say's that I'll feel far more comfortable with my investment If I pay less than you did. Trouble is with so much cash backing and the news not likely to get any worse the downside from here is minimal.

So the decision then comes back to longer fundamental drivers - Nice safe entry -do I invest in Mak or not?

Meanwhile it is now September and Mak have the means to start a phosphate mine next year. Price indications are that they will be able to secure a few contracts at a profitable price from the word go. But as we are a DSO operation we can ramp that up very quickly to full production if demand returns full steam. - That sounds to me like MAK with cashflow. How long will Mak be priced for such a safe entry? Who knows but I've got my seat on the bus now and its the plush long leather one at the back with the bar fridge. Will enjoy the ride from here!