There is much more going on at MAK than most of us are aware of. We are all frustrated by negative SP, including myself and intend to react/interprete MAK's news accordingly, glass half empty! RP is not the issue anymore, this is around $140 now and price going north, so discussions and BFS calculations are based upon $150. Moreover discussions with customers have changed into more directions. Pure offtake is one option, but due to fe Vale - Mosaic-Mitsui deal there might be an increased interest in whatever deal with MAK. Integrated producers are looking for independent sources for RP, to avoid a duopoly situation like with Iron Ore as Vale and BHP are investing in phosphates to create same environment . Offcourse this discussions take some time, moreover management must check all options. Although totally contrary to SP this outlook seems to be much better than anybody could have dreamed of a year ago, so lets all be a little bit more positive. I have the impression that the company will come with a surprise in a couple of weeks to trigger even the options before end of may. Even if we are speaking of an almost 100% from current SP, this is not impossible, with good news and SP will rocket.
AEV Price at posting:
33.7¢ Sentiment: ST Buy Disclosure: Held
