Macrae Im all for sticking your neck out and predicting but you've been very wrong on MAK. Just last week on the 5/3 you suggested that if MAK drops below 38c there will be a sell-off and you had a sell recommendation. Well it did drop below 38c (36c from memory) and a week later its at 51c.
You keep talking about this massive dilution by the third quarter. You still don't seem to realise they are going to build a producing mine. They aim to be producing within 8 or 9 months. They will need to raise money whether they have $13mill in the bank account, $25mill, $5mill or nothing. Their current cash situation, other than what they have will take them into the 3rd quarter, is a mute point, it is meaningless.
They have a very valuable quality resource. Dilution will be minimal. An offtake agreement is the most likely but some are not discounting a bank loan arrangeent as it is a very short payback time. Directors own 25% of MAK, major holders own over 40%, there is no vested interest or reason for any massive dilution.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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14 | 7290252 | 0.003 |
4 | 3175000 | 0.002 |
6 | 10199950 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
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0.006 | 6207494 | 13 |
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