daytrades may 14 morning ..., page-25

Keep an eye on UCL

I have a feeling MAK is gonna make a move on them soon

my logic is simple, due to the resource tax and infrastructure constraints MAK's Wonrah may not be as profitable as first thought

as a result in order to hedge MAK will look to increase its 60% interest in the Nambian Phospahte project (47% Direct + 19% ownership of UCL) to 100%

I could be wrong but MAKs feasibilty study on WOnrah due any day will tell the story


Remember people have to eat!