DJ MARKET TALK: Minemakers Up 13% As Upsurge Continues
0215 GMT [Dow Jones] Minemakers (MAK.AU) up 13% at A$1.97, hit record high of A$2.09, as price surge continues. While stock market has headed south this year, MAK has surged 10-fold since January. Wonarah rock phosphate project and 4-fold price increase in rock phosphate price have triggered recent gains. Company has said US$100/ton rock phosphate price needed for Wonarah economic viability, whereas prices currently above US$200/ton from US$50/ton a year ago. In its January investor presentation, Minemakers saw strong medium-term potential for Wonarah, with initial target of 2-3 million tons a year (2% of world production). Traders should beware profit-taking likely at some stage and market likes round numbers like A$2.00. But assuming A$100/ton profit on 3 million tons a year, MAK is trading on a minuscule p/e ratio of about 0.3x. And Wonarah is only one of many potential developments that cover iron ore, tin & tungsten, fluorite. In longer-term, Minemakers has scope to get much bigger. (DWR)
Contact us in Singapore. 65 64154 140;
[email protected]
(END) Dow Jones Newswires
February 26, 2008 21:15 ET (02:15 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.
- Forums
- ASX - By Stock
- AEV
- mak on dow jones ... rare for specs to feature
mak on dow jones ... rare for specs to feature
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEV (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.09M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 11782141 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 1158874 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 11782141 | 0.005 |
12 | 6840000 | 0.004 |
13 | 9806667 | 0.003 |
4 | 5600000 | 0.002 |
7 | 11509950 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1158874 | 3 |
0.007 | 6796064 | 11 |
0.008 | 5023318 | 10 |
0.009 | 4091082 | 9 |
0.010 | 3581252 | 5 |
Last trade - 16.12pm 01/05/2024 (20 minute delay) ? |
Featured News
AEV (ASX) Chart |
Day chart unavailable
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, MD & Executive Chairman
David Breeze
MD & Executive Chairman
SPONSORED BY The Market Online