Possibly safe buying at these levels near the 200MA. Note that...

Possibly safe buying at these levels near the 200MA. Note that we have bounce off convincingly close to 200MA trailing at $0.37. Judging from historical price performance, I see this to imply strong support levels at around $0.37.

Furthermore, disruption in the Middle East is spreading like a wild fire, which as highlighted by Yellow's news feed could place supply implications towards Phosphate.

Despite the horrific disaster in Japan, I still see the timing of an entry into MAK between $0.37-$0.42 as an excellent risk reward opportunity. General Meeting next week to approve options, issue is likely to follow shortly with potential update on VERTE deal. Finalisation of funding could be out within 3 months!

I have re-entered (stops hit previously, sold on risk mgt basis as it broke from pivot to critical fib support) into MAK at these levels to go in early on the ride of expectation, in the lead up to people's emotions as we approach closer to these milestones.

All the best to all holders!

LM