first time contribution on this thread - but L/T watcher of MAK,...

first time contribution on this thread - but L/T watcher of MAK, and also now L/T holder.

Have recently read on here many negative posts on MAK, but one thing I also look for is near term producers that are undervalued or priced as spec's, and try to get in before they are re-rated.

Items for consideration I consistently come back to on MAK are- 1/2 Market Cap in cash, production in 2010 (likely late 2010 IMO) - will most likely be first new RP miner to come on stream (and at highest grade), and Namibian tenements that really haven't been priced in at all.... Simple DSO operation, dig, sell & ship - low operational risk.. existing major infrastructure.... etc etc

Much short term negative sentiment over the past few months, but my belief is that true L/T holders will be well rewarded.

News flow over the next 6 months should prop up ailing share price... First of those Ann's today in regards to Bulk sampling... next will be Water confirmation, then drilling / resource modelling towards end of Dec 09...
An off-take Ann. at the premium price suggested in today's release would also be warmly welcomed by a sceptical market.

I'll hold till in production.

Cheers all.