mak is moving , page-12

Something is up?

High volumes, steady appreciation in SP rise over the last couple of days. Down trend broken on charts. In addition, Dr Alex from D&D did hinted about Phosphates and the rising food prices in the last report. Possibly a fertiliser play could be on the cards? If so, market awareness for MAK will be lifted bringing in more buyers hence pushing and supporting a more stronger run.

Please remember the MOU signed back in July 2010, the "MOU to advance strategic investment and funding for large scale development of Wonarah Phosphate" where equity funding will be provided to MAK by the subscription of new shares at a substantial premium to the current SP!

The deadlines are fast approaching:
1) Strategic Investor's intent to advance EPC Funding confirmed 4Q 2010
2) Strategic Investors complete due diligence, EPC review and technical exchange 1Q 2011
3) Finalisation of EPC Funding and Equity Funding 2Q 2011

The higher food prices rise, the tide of money will flow back to agriculture stocks. We have witness this before during the pre-gfc climax when MAK traded above $4.00. The supertrend runs. For example, check out the spot price of Uranium reaching close to $66 supported by demand, at these prices more projects will become economically feasible attracting investment capital hence the current uptrend of uranium stocks. The same scenario could easily be reflected on MAK.

I am giving this a LT buy.

LM