I have been holding MAK for few months and just bought into UCL...

I have been holding MAK for few months and just bought into UCL about two days ago, very surprised it has come down so much lately, I am starting to like UCL more and more, looks like the profit margin for the Namibia project has potential to be huge. Hopefully they increase the resource by a big amount after the extra meter or two has been analised/dredged. I cant see the price staying this low, its even below the cap raising price which was taken up in full to my knowledge. Phosphate price has been rising, Namibia wont have to deal with all the currency pain like we are in Australia and no extra taxes being passed every few months like out not so wonderful Labour government...good luck all holders...

DYOR looking good to me