Chalea,
Interesting that you keep on dropping in here to add your comments. I guess that you must be looking at entering MAK at some stage?
You were correct in your previous chart when MAK broke the uptrend though and it has been on a downtrend ever since.
It is easy to chart a downtrend however at some stage this downtrend will cease and it will crab along instead.
To assume that the trend will continue all the way down to 28.5 cents is a little too assumptive IMO and implies that no value is given to the Phosphate project at all and implies a fully diluted market cap of only 31 million.
If MAK continues to come up with proof that they will be mining in less than 2 years the share price won't languish at these levels for that long at all. AD has indicated that they might be able to get an early cash flow which implies a lot sooner than that as well.
That is obvious IMO. Any one that has been keeping a close eye on MAK will know that progress is going ahead very strongly. The latest is the NT Minister giving a project the Major project status to construct a common-user bulk mineral distribution facility in Tennant Creek.
Champ
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Last
1.4¢ |
Change
0.001(3.85%) |
Mkt cap ! $36.50M |
Open | High | Low | Value | Volume |
1.3¢ | 1.4¢ | 1.3¢ | $1.629K | 121.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 2823556 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 2883982 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 2823556 | 0.013 |
5 | 1490837 | 0.012 |
7 | 2623545 | 0.011 |
7 | 4679547 | 0.010 |
13 | 5455500 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 2883982 | 10 |
0.015 | 2724512 | 10 |
0.016 | 11087725 | 15 |
0.017 | 2916529 | 8 |
0.018 | 3576323 | 2 |
Last trade - 14.27pm 30/08/2024 (20 minute delay) ? |
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