Hi Abuman,
It does seem hard to believe and yet the potential is there for it to go many multiples. Do i wait or sit it out?
That was something i had to decide fairly recently.
Decided to take the plunge with MAK as i think the dynamics of this company has changed within the last couple of months.
IMO, the key to the dynamics changing is the reported overseas media on the various stories relating to the general shortages for Potash - Phosphate and the amazing price rises. It woke up many investors to realize the potential with Minemakers.
Another thing that is important is the timing of the growth of MAK. MAK has come to the forefront as the one most likely to succeed, not including IPL.
I am not including RWD for this exercise.
Have a look at the Uranium sector. Which company apart from ERA & BHP rose from a potential producer to a producer?
Paladin of course.
Over the course of those few years they were the standout. As the shortage of future uranium producers became apparent, the price of U308 increased.
Eventually every man and his dog wanted to become a U308 producer.
In Australia MAK is the forerunner with by far the greatest potential to become a producer and cap in on the Phosphate shortage. The next two years i would expect MAK to tie up a few deals which will cement their future.
Arawurra showing grades up to .30% then i can't see it not being beneficial especially if it opens the door for DSO.
The drill results will be a key as to how fast MAK runs.
They could be producing before 2010.
Therefore, i am very optimistic as to where we are heading.
Management is the key to pulling this of imo.
Cheers markco2
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1.3¢ |
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Mkt cap ! $35.15M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $29.89K | 2.299M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 1630837 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.3¢ | 232881 | 1 |
View Market Depth
No. | Vol. | Price($) |
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6 | 1630837 | 0.012 |
5 | 1983545 | 0.011 |
6 | 4179547 | 0.010 |
5 | 3455500 | 0.009 |
3 | 382500 | 0.008 |
Price($) | Vol. | No. |
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0.013 | 232881 | 1 |
0.014 | 2415058 | 9 |
0.015 | 2748633 | 11 |
0.016 | 11087725 | 15 |
0.017 | 2816529 | 7 |
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