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!
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Keep an eye on UCLI have a feeling MAK is gonna make a move on...
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