So, maybe some lessons in there IWBR?
It's your money, do you think it's going back to $3.00, and why?
Yes, $2.00 should be support, and it's respecting it so far. Plus first small signs of a short term change of direction IMO. Some white candles and pushing against downtrend. Too early to call though. It's been a tough few weeks for buyers getting in late I imagine. As has been mentioned I think it's just money shifting around the sector. Punters looking for the next multibagger in the hot poo sector. What we should be left with shortly is firmer hands in MAK, and those looking for longer term investments.When the stock bounced off the $2 mark so positively a few days ago I was very happy. Not too happy with the downtrend continuing and it`s knocking on the door again. Bounce off $2.00 MAK. Please.
Yes, $2.00 should be support, and it's respecting it so far. Plus first small signs of a short term change of direction IMO. Some white candles and pushing against downtrend. Too early to call though. It's been a tough few weeks for buyers getting in late I imagine. As has been mentioned I think it's just money shifting around the sector. Punters looking for the next multibagger in the hot poo sector. What we should be left with shortly is firmer hands in MAK, and those looking for longer term investments.
So, what is fertiliser other than poo, champ? .......No offence guys however is it possible to not refer to the fertilizer industry as the POO sector???
It is not the POO sector any longer. Fertilizer is no longer POO, it is chemically based.
It doesn't really paint the correct picture in ones mind now does it when you mention POO???
I think that you should leave that to the tiolet
Cheers!
Champ
So, what is fertiliser other than poo, champ? .......
Maybe we can start calling it cr@p? Or, ****?
Kennas,
MAK is going to produce Rock Phosphate not POO as you know so don't call it POO simple as that. If anything the word to use is actually called dung or manure!
There are many types of fertilizers. Dung is one of them from various animal sources although the crop sectors which we are focussing on with MAK require the use of much more powerful types of chemically based fertilizers which of course fuel the demand side from which will make MAK a success.
That is why Phosphate and Potash are fast becoming in great demand. Dung is becoming less popular and the new fertilizer types are in. As you will see most fertilizers these days are chemically based as manure doesn't retain the appropriate amounts of N, P & K as effectively.
Here is an explanation of some of the different types of fertilizers:-
Fertilizer Types
Soil amendments are made by using fertilizer but there are different types of fertilizer. There is of course the organic fertilizer that includes manure, organic compost and green manure crops. And then there is also chemical fertilizer which is made up with different formulations to suit a variety of specified uses.
Chemical fertilizer usually comes in either granular or powder form in bags and boxes, or in liquid formulations in bottles. Chemical fertilizer can be categorized even further into:
Complete inorganic fertilizers: – these types of fertilizer contain all three major macronutrients, Nitrogen (N), Phosphorous (P) and Potassium (K). On the containers you will find that these macronutrients are depicted as a ratio, e.g. 2:3:2 (22). Complete inorganic fertilizers are usually applied at a rate of 60g/m2 or roughly 4 tablespoons per square meter.
Special purpose fertilizer: – these types of fertilizer are formulated especially to target certain plants' requirements or certain soil deficiencies. Of the examples that come to mind here are the Blue Hydrangea Food, and straight fertilizer that is made up of one particular plant nutrient for example lawn fertilizer.
Liquid fertilizers: – these types of fertilizer come in a variety of formulations and even include organic fertilizer, complete fertilizer as well as special purpose fertilizer. Some examples of liquid fertilizer are Nitrosol and African Violet Food.
Slow-release fertilizer: – these types of fertilizer are formulated to release their nitrogen at a steady pace. On the packs of this fertilizer that are available commercially it will usually be depicted as 3:1:5 (SR) where the SR indicates slow-release.
Fertilizer with insecticide: – these types of fertilizer that are prepared and combined with an insecticide. One such example is Wonder 4:1:1 (21) + Karbaspray.
There are many other types of mineral/chemical based fertilizers that are used for crops as well.
It is the fertilizer sector Kennas.
Maybe we should be calling it the chemical sector then since the best fertilizers are chemical/Mineral based??
Cheers!
Champ
MAK looks to be one of the legitimate phosphate companies but it doesn't seem to be reflected in its share price, currently at $2.12. Looks to be struggling.
Might I also mention RWD looks to be struggling as well around that 1.60 mark, though support is holding up good there.
Very little volume in both companies.
Holy crap, MAK has had better days, breaking some very important support at $2, and down 10% for what seems to be zero reason, which makes me think there is a reason. Perhaps drilling at Wonarah has been ordinary. Or, is it just 'fear and greed'? Concerning. True test of sentiment and quality coming up here I feel.
Barry, my gut thought on this move is that it's some early holders who are starting to see massive gains disappear before their eyes and they are jumping ship in panic.Volume is a big worry here as well. Someone wants out by the look of it. Any thoughts on a bottom? The joys of illiquid stocks, move equally as fast down as they do up.
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