i was in, page-5

More info for you before deciding about MAK (SPP). I sold all with profit and only hold Mak around $500 worth for SPP. I am OK. You must take good care before buying MAK for SPP because after 12 June (record date), MAK will drop heavily, may be less than 43c, who knows!
Phosphate price is down, AUD and oil is up,not much hope for Mak. Be careful.


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Post by PHIL1 (on MAK, 4 June 09 )
Post #: 4125115

Price at time of posting: 70.5c

Start of thread:

Sentiment: Sell
Disclosure: No Stock Held
Views: 411

As I expected RP has fallen again and is now at 117.5 USD/t
for 32% RP.Prorata discounts apply for RP at 30% bringing
the price down again to 110 USD/t.MAKS aim is 30% RP.
MAK has stated (in bidders statement to BON) that the project is only economic at 120 USD/t and AUD=.72
Unfortunately for MAK the AUD has also gone against MAK
and is now at 80 cents.This is hardly surprising considering the US situation and I would expect it to
appreciate further over the coming months.
So in AUD economic is 166.67/t (120/.72)
Currently at 30% RP 137.50/t (110/.80)
Project is clearly not going ahead based on the current
numbers and I still believe RP has much further to fall.
In the last few days alone since this report was compiled DAP has fallen by another 9%
Ref is siteresources world bank commodity report released this am.No doubt I'll get rated down for this update
because people dont like negative news about their
stock.