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
AEV Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
