mak has defended well against both crashes, Jan and July.
MAK, fertiliser, RP, perhaps moreso now, in light of other comodities coming off, will be seen as the one stock to keep.
No long termer with tax appreciations will dump their MAK,
There will be traders, and even margin calls that may force some to sell, and others hoping to get back in lower.
Thats fine for traders, as they generally dont operate for 12m CGTR.
But maybe by now, they will be picking up that they are only competing with each other, and the margin calls, as very few longs will sell off the one asset in their portfolios capable of surviving the storm.
And, that all comes back to the comodity. RP.
And for MAK, the market is aware, the low capex, implies max divs.
I may be a mule, and i'll hold. But when the firestorm is over, i may be covered in debree of all the other stocks, but MAK will still be standing.
Cheers
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.74M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $396 | 36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 5834004 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 45000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 5834004 | 0.010 |
6 | 5359333 | 0.009 |
5 | 2154999 | 0.008 |
1 | 500000 | 0.007 |
4 | 7425000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 45000 | 1 |
0.012 | 1942510 | 5 |
0.013 | 1680857 | 6 |
0.014 | 1640000 | 2 |
0.015 | 2230146 | 5 |
Last trade - 10.21am 02/10/2024 (20 minute delay) ? |
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