AEV - Avenira Limited

Fed23 · 27 February 2008

Re: MAK - Minemakers

I was feeling over the moon when I returned from a meeting to check the SP at over $2.

I log back on it's at 1.60. I hate when I doubt myself because I said to myself would be a wish choice to get out at $2 with just over 70% profits.

Sean K · 27 February 2008

Re: MAK - Minemakers

Some time for some proper consolidation perhaps. The ann providing no news was probably a let down to most who have recently got on board and they sold the fact. More news is imminent which has been posted earlier. I'm happy with some consolidation around here, has plenty of room to move back to support.

grace · 27 February 2008

Re: MAK - Minemakers

kennas said:
Some time for some proper consolidation perhaps. The ann providing no news was probably a let down to most who have recently got on board and they sold the fact. More news is imminent which has been posted earlier. I'm happy with some consolidation around here, has plenty of room to move back to support.

Kennas, where do you see support? I was initially hoping to buy at 70c but could $1 be support? You might be horrified at my thoughts, but just asking for some TA, thanks.

Sean K · 27 February 2008

Re: MAK - Minemakers

grace said:
Kennas, where do you see support? I was initially hoping to buy at 70c but could $1 be support? You might be horrified at my thoughts, but just asking for some TA, thanks.

LOL. Yes, with such a rapid run 'solid' support is hard to find. It's actually sitting on some right now I think, albeit weak. The base of the last gap up can be classed as support at 1.55, then the last gap up at $1.39 and then around $1.20 ish. Let's hope for a nice even pole and penant forms from here with the base about 1.55, and an ascending triangle up to around 1.80. That's what my day dreaming crystal ball would like to see. However, I really have no idea where to next. May depend on any announcements forthcoming. That last candle is very ugly.

Evangeline · 27 February 2008

Re: MAK - Minemakers

It would be quite a feat for mak to continue up for a little while as I think a lot of punters would be scared to enter atm. Real panic selling today!

Captain_Chaza · 27 February 2008

Re: MAK - Minemakers

Ahoy Brave and Loyal Crew

The top of the Trendline was confirmed @2.09 on the Log chart today

At least we Now know what is install for us next

If we are ever to breach that previous best/high we will now have to go
into a "Ranging maneuvre" on an Easterly direction for a while IMO

[mak log.png]

Crikey! Did you see how those Gutless Landlubbers reacted to a simple Speeding Ticket everyone expected
Anyone would think their World was about to end in the way they handled a simple speeding ticket

What a pack of Dunderheads!

"They just can't take the Pressure!"

Salute and Gods speed
[capn.gif]

PS I notice a few companies are now placing Fertilizer/ Potash and Phos. Rock on their Business cards

Wonders never cease!

"I believe the future is only the past again, entered through another
gate."
Sir Arthur Wing Pinero 1893

PPS:
Is this gate "Fertilizer"?
Personally, I can't afford to make many mistakes so therefore I'll stick with Fertilizer as my #1 Commodity ATM

What I like best is that the "Fertilizer Class of sail " have no Cartel at this stage
It's a bit like Catch and Kill

Evangeline · 27 February 2008

Re: MAK - Minemakers

Hey Chazza...where do you see that 'easterly direction' taking us in the short term...brave enough to make any predictions...or just a general sideways action?

BTW have you guys checked out Reward Minerals...seems to be slipstreaming mak....but its potash...

Captain_Chaza · 27 February 2008

Re: MAK - Minemakers

Evangeline said:
Hey Chazza...where do you see that 'easterly direction' taking us in the short term...brave enough to make any predictions...or just a general sideways action?

BTW have you guys checked out Reward Minerals...seems to be slipstreaming mak....but its potash...

Fertilizer by any other name is still Fertilizer

There also POT in NY to watch if you like burning the midnight oil in NY

Salute and Gods' speed

meganut · 27 February 2008

Re: MAK - Minemakers

Captain_Chaza said:
Fertilizer by any other name is still Fertilizer

Potash was one of our biggest selling fertilizers when I worked for CSBP in WA!
Strange it tasted just like pure salt...not that I ate much.

Sean K · 29 February 2008

Re: MAK - Minemakers

Once again, have to say surprising strength, but on lower volume. I'm sounding like a broken record, but there has to be some more decent consolidation at some point. What we have now is another pole and pennant forming, as we mentioned above with the target shown. Can't just keep doing this though, these formations are just probabilities.

sheepdip · 29 February 2008

Re: MAK - Minemakers

Agreed - a surprising amount of strength shown today. A massively strong finish this afternoon, even more so considering its a Friday. Went within 3c of a record high close. The run up has surprised, and now it looks like the retrace may be over before its really begun.

Its really hard to hazard a guess where this thing is going short term. If they really can get Wonarah up and running in 2010 the craziness will continue.

Sean K · 3 March 2008

Re: MAK - Minemakers

kennas said:
What we have now is another pole and pennant forming, as we mentioned above with the target shown. Can't just keep doing this though, these formations are just probabilities.

All time high close, breaking up from the pennant, but volume not confirmation to me. On such a poor day, I'm shaking my head....happily

Captain_Chaza · 3 March 2008

Re: MAK - Minemakers

Steady as she goes!

This is no time to get the shakes!

Hold on tight!

Salute and Gods' speed

jtb · 3 March 2008

Re: MAK - Minemakers

kennas said:
All time high close, breaking up from the pennant, but volume not confirmation to me. On such a poor day, I'm shaking my head....happily

Thats one hell of a chart bro'.

I'm still seeing those MAKO's @ 25c ( won't mention the cheap ones)

Well done.

mummy

Sean K · 4 March 2008

Re: MAK - Minemakers

Anyone have an opinion on why the options would have been consistantly trading at a discount since they were in the money. Today for example, there has been times when the 30c opies were at a 40c discount to the heads? Is this an opportunity to keep buying them a little cheaper, or an indication that the market thinks the stocks going to fall over?

ALFguy · 4 March 2008

Re: MAK - Minemakers

kennas said:
Anyone have an opinion on why the options would have been consistantly trading at a discount since they were in the money. Today for example, there has been times when the 30c opies were at a 40c discount to the heads? Is this an opportunity to keep buying them a little cheaper, or an indication that the market thinks the stocks going to fall over?

I suppose the leverage is not that great so buyers take the heads instead.
Big gaps in the options so buyers only come in when the heads are moving up.

BigJohnny · 4 March 2008

Re: MAK - Minemakers

kennas said:
Anyone have an opinion on why the options would have been consistantly trading at a discount since they were in the money. Today for example, there has been times when the 30c opies were at a 40c discount to the heads? Is this an opportunity to keep buying them a little cheaper, or an indication that the market thinks the stocks going to fall over?

This would be every trader's dream. Free money to be picked up from the floor. Using the closing prices MAK 1.845 and MAKO 1.495, you would be saying you can buy MAKO @ 1.495 and then convert these for 0.30c, meaning you just bought the heads MAK @ 1.795. If MAK stayed above 1.845 until you received the shares in CHESS, you would sell your converted MAK shs and lock in at least 5c profit. If the options were trading 0.40c lower than the heads, then you could attempt to lock in 10c profit. Now you run the risk of the heads trading below 1.795 in the time between submitting conversion form & cheque and delivery of shares into your CHESS account. Also if you were a very long-term holder like cornerstone investors or directors and already had some heads, you could sell the heads & buy the options and convert the options back to heads. This would be effective way to bring your vwap down in the long run.

Captain_Chaza · 4 March 2008

Re: MAK - Minemakers

I honestly don't think anyone in this stock is about to play tiggy

Do You?

For what it's worth

I also think the Options are too rare to make any realistic judgement "Of The Whole"

Salute and Gods' speed

Fed23 · 6 March 2008

Re: MAK - Minemakers

Has been placed in a trading halt till monday for captial raising?

Could do this be a good or a bad thing? FDL did the same and it's dropped in value as a result.

prawn_86 · 6 March 2008

Re: MAK - Minemakers

Fed23 said:
Could do this be a good or a bad thing? FDL did the same and it's dropped in value as a result.

Fed,

Generally a public capital raising will create a floor price and the market price will fall to that price.

Lately however, lots of companies have been falling below the actual price the raising is issued at.

Also if the raising is only for 'sophisticated' investors, then the price can still drop due to some of them stagging a profit.

Hope this helps

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