AEV 4.76% 1.1¢ avenira limited

surprising day, page-8

  1. 27,784 Posts.
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    look at the Chart at 40c, 80c,

    it churns for a few days with 5-10% order of the day growth, this is normal for mak.

    Waiting for an entry must be painful indeed.

    Todays high is tomorrows entry. familiar story with mak.

    seriously though, the growth from 40c to 1.80 afforded no delays in thinking about it.

    Retrace at 1.80 to 1.35, introduced from some profit taking, and the insto at 1.50, with some of them looking to calm stormy waters in thier portfolios, finally geting their hands on their mak assets to do so.

    Clear of that, mak got some good exposure, and is now out there, which saw AMP become a major holder, and with that, the dollars chaising mid caps starts to see MAK on their radar.

    That's just the start, the first real leg of real attention payed to mak.

    From here, its follow in the FMG footsteps.

    450 mill taxed, royalty paid, clear profit pa with no cap ex to speak of.

    Pe of 10:1 = MC of 4.5 billion/110 mill shares = 40 SP in 3 years.

    Conservatively, i hold a view of 20-30 dollars in 2-3 years.

    However, the market loves a darling, and as the wider comunity gravitate toward the light, we should all get a good tan.

    cheers

    It's all god
 
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