AEV 0.00% 1.0¢ avenira limited

rock phosphate pricing, page-9

  1. 102 Posts.
    YC, you have a point.

    I for one have used the strength of the last couple of days to reduce my holding, with the option of potentially reloading again at 43c in a few weeks time.

    The recent history of MAK's price suggests that it is likely to drop back to the low 50s in the next week or so.

    At that level, and with rock phosphate prices "probably" at levels that threaten to make MAK's resource uneconomic to mine..... well the spp is not such an enticing prospect as it looked yesterday....

    ..... as for the longer term future.... well.... if rp prices don't pick up..... I suppose we'll need to hope that Tin prices explode.....
 
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