there are a few nervous holders..i am guessing, page-30

'the price was pushed above $2.00 on hype and greed and has trended down since..not on bad news but reality that the MAK story was overhyped.'

There was some hype no doubt about it. It didnt rise though on pure hype, there were background fundamentals that supported the hype, including an RP price of over $400. If it weren't for the subsequent economic meltdown, I believe MAK would be close to producing by now.

Not sure why you continue to harp just on MAK when there are many, many stocks out there that have sufffered the same fate as MAK due to economic circumstances.

The general view is that this downturn is complete, and a gradual improvement should be seen from here. Some companies in some sectors will experience growth before others. There is one thing for certain, MAK have a world class resource in their grasp. When, not if (imo), phosphate prices improve they will become economically viable and have potentially two world class phosphate deposits to work with.

You have to look long-term and make judgmenets on that basis when investing for explorers come producers. Micro-analysing will get you nowhere.