rock phosphate rises to $110 us fob morrocco, page-19

Sorry Bongo but just what part of that scenario are you expecting?

I must have missed the small print in the quarterly that said we were taking on c-note debt to build a non-working benefication plant while giving away all our other projects over the next 12 months.

It is possible that we could spend all our cash to sell RP at a loss but management should be given more credit than that. They have taken the safer option of mining DSO - low start-up and ongoing costs - once basic infrastructure (roads - water - power) is complete it only costs to ship and sell the stuff which you are only going to do at a profit. No market for RP? - sit tight and wait is an option to take at any time for Mak without exposing itself to the ongoing costs of a larger plant.

Can not foresee a company threatening event in that plan in the near future - Mak is at worse a safe non performing share from these levels, but at best? It's a cracker of a share if RP prices recover further.

Scaremongering about Mak being a CMR is just that.