BrightSpark,
RE: " MAK's less than convincing current cash flow position"
What sort of cashflow balance do you expect for a spec in the process of proving up a resource , establishing feasibility, and finding a market. The only way is negative cashflow in that position which is why they are raising funds. I don't see the issue - if they don't spend money they don't go into production one day.
IMO it is now a modest buy at current SP, but a strong buy around 35c.
buy on weakness, page-19
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.09M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $611 | 121.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 6023065 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 1598140 | 4 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
0.6¢ |
Change
0.000 ( 20.0 %) |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.5¢ | 96920 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| AEV (ASX) Chart |