Been waiting for the sp to go below the SPP at 43c. I am putting a buy entry in today. RSI is below 30 on the daily, near 52 week low, and things have improved since March.
*Scoping study Namibian marine phosphate in Q4
*Update on the Arruwurra DSO mineralisation in Q4
*Testing of bulk samples in Wonarah Q4
*Pump testing results of the hydrological investigations Q4
There is no definitive news or evidence that suggests that MAK will not have two production sites up and running in 2011. If they got Wonarah up and running in 2010 then even better.
I still see this as a triple bottom.
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
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