AEV - Avenira Limited

[pattyp]

Re: MAK - Minemakers

Nice chart Pat,

Wonder if it's too much to hope for a replay of RWD's recent obedience to your charting?

Cheers,

Kenny

LoL - Kenny... We can only hope

Generally speaking, you can only spell fluke one way...

Still, MAK is a VERY bogy chart and I would NOT day-trade off it.

Long and Strong - Good Luck to us all...

Pat

 

[kenny]

Re: MAK - Minemakers

Hope is right Pat. the cornerstone of every trading strategy.

<waits for tech to come and flame me>

I agree MAK would be tricky to daytrade.

Cheers,

Kenny

[Waiting for a second bite of RWD cherry]

 

[Speewha]

Re: MAK - Minemakers

Hi Brett

Thank you for your enquiry. Yes, we do intend to beneficiate the ore we mine up to the usual commercial grades of +28% P205. The current high price for Rock Phosphate does pertain to that beneficiated material. We hope that we may be able to locate some sub-areas in the deposit where we can produce direct shipping ore that will not need beneficiating, but time will tell on this.

Thanks and Cheers

Andrew Drummond
Managing Director

MINEMAKERS LIMITED
Level 1, 46 Ord Street, West Perth 6005
PO Box 1704, West Perth 6872

Ph: +61 8 9264 7000
Fax: +61 8 9264 7099
www.minemakers.com.au

Above is a copy of the reply received from MAK in answer to a question which I posed on this thread earlier this week, not sure if will be of interest to anybody as you all seem very clued in, but as kennas went to the trouble to post a reply to my question (Thanks) thought would post it just in case it is of interest.

Regards

 

[Sean K]

Re: MAK - Minemakers

Hi Brett

Thank you for your enquiry. Yes, we do intend to beneficiate the ore we mine up to the usual commercial grades of +28% P205. The current high price for Rock Phosphate does pertain to that beneficiated material. We hope that we may be able to locate some sub-areas in the deposit where we can produce direct shipping ore that will not need beneficiating, but time will tell on this.

Thanks and Cheers

Andrew Drummond
Managing Director

MINEMAKERS LIMITED
Level 1, 46 Ord Street, West Perth 6005
PO Box 1704, West Perth 6872

Ph: +61 8 9264 7000
Fax: +61 8 9264 7099
www.minemakers.com.au

Above is a copy of the reply received from MAK in answer to a question which I posed on this thread earlier this week, not sure if will be of interest to anybody as you all seem very clued in, but as kennas went to the trouble to post a reply to my question (Thanks) thought would post it just in case it is of interest.

Regards

Thanks for posting this. AD is one of the only MDs I know who actually replies to emails. I think the rest of us have to get over the DSO certainty in the short term and just see it as a possibility that will add significant upside. We do not need a DSO deposit here for mining to begin in 2 - 3 years. What Arrawurra may provide by the looks however, is an ore body closer to surface and a free dig. That will be a tremendous advantage to getting to the ore more quickly and reduce opex. Thanks again, kennas

 

[ithatheekret]

Re: MAK - Minemakers

I was chatting with an associate yesterday , we were talking about IPL , the gist of the debate was whether IPL could sufficiently move into an acquisition mode and take out a giant , ie . ORI , then in the calculations , we also opined that it could afford to take up MAK too , if it could raise the funds in the market with an issue .

Whilst it was just a bouncing of ideas that could be done, I actually think it might become an eventuality at some stage , whether they could get it past the regulator is another thing ..............

 

[Sean K]

Re: MAK - Minemakers

Whilst it was just a bouncing of ideas that could be done, I actually think it might become an eventuality at some stage , whether they could get it past the regulator is another thing ..............

IPL staff might be chatting about it too. Whether it's the best option is another thing. And, do they need more supply? Are there any other closer and cheaper options for them? No se. MAK is probably the closest to providing a resource base though. Interesting to ponder, especially for MAK holders. Although some would probably prefer they take it to production themselves. More risk but more reward. I've always thought they could do with a partner on this. Both for technical experience and finance.

 

[adamim1]

Re: MAK - Minemakers

man, MAK seems to be in free fall at the moment.

Anyone got some chart analysis? It just about halved in value since April.

 

[Sean K]

Re: MAK - Minemakers

man, MAK seems to be in free fall at the moment.

Anyone got some chart analysis? It just about halved in value since April.

Chart wise it looks like the down trend could be over with a short term double bottom at $1.75 ish, but it's tenuous. Should be good support between $1.75 ish and 1.30 ish ish. $2.00 formed up as considerable resistance.

I think there will be some pressure on the sp during June as some people who bought in well above $2.00 take capital losses. Not sure why you would sell for a capital gain at this time though...

No change from this, except the double bottom was too tenuous.

Lower support at $1.25/30 ish to hold hopefully.

It's MC to revenue potential (worst case) will become pretty compelling around those levels, if not around here.

Unless RP prices go back to sub $200 overnight.

 

[Adam A]

Re: MAK - Minemakers

All indications from my own research are that rp prices will go up in the future

MAK certainly been hit hard from its highs,although nothings really changed from its future potential, if any thing, it seems to be progressing nicely..

I guess it all depends on where you bought in? any thing over $2.00 and ouch! especially if your short term, long term i think this will only be a blip.

all inmho

 

[Sean K]

Re: MAK - Minemakers

All indications from my own research are that rp prices will go up in the future

Adam, I disagree soley on the exponential rise in poo prices. That sort of rise is unsustainable for ANY product. And the harder they rise, the harder they fall. Be cautious.

 

[Adam A]

Re: MAK - Minemakers

Normally id agree,

but this time its different, ha, ha

Fertilizer demand is still rising as well as oil

In my opinion and mine only i see another increase, before back to todays rp prices, at which MAK is still potentially a highly profitable (if all goes according to plan) proposition

But yeah, your right, the market is the true indicator,and although only small turn over, its looking sick, frightining to think of all the stop losses waiting to be hit

 

[kenny]

Re: MAK - Minemakers

All indications from my own research are that rp prices will go up in the future

MAK certainly been hit hard from its highs,although nothings really changed from its future potential, if any thing, it seems to be progressing nicely..

I guess it all depends on where you bought in? any thing over $2.00 and ouch! especially if your short term, long term i think this will only be a blip.

all inmho

Very hard to think too long term in this sort of market. Do you think there's been a decoupling between the price of RP and MAK?

Or just a consequence of the "tax loss selling" phenomena so widely touted this time of year?

Cheers,

Kenny

 

[Sean K]

Re: MAK - Minemakers

Very hard to think too long term in this sort of market. Do you think there's been a decoupling between the price of RP and MAK?

Or just a consequence of the "tax loss selling" phenomena so widely touted this time of year?

Cheers,

Kenny

Kenny,

I think a combination of a few factors.

Firstly, some people have got on this very early, pre RP explosion, and have taken profits. For example, I held 300K heads and 200K oppies in mid 07. I would have been an idiot not to take some profits on the way up. Others have been doing the same out of common sence.

Now, there has been so much hype surrounding the sector that traders have got involved and artificially inflayed prices above current value. It's now coming back to real current value, whatever that is.

Yes, some tax loss selling, by those suckered in to the 'this is going to $80 next week' crap.

And then, the taxi drivers just passing by who have their heads stuck up their arses. Go to HC for a full low down.

This is still spec!

The investment world is a moving feast, and NO ONE is ever correct 100% on the time.

Rant over..



Kennas

 

[Adam A]

Re: MAK - Minemakers

Kenny

It ran so hard for most of the year a pull back was inevitable, must admit thou didnt think we would see these prices again.

However last few weeks price dropping on low turnover so im not overly concerned.

My trading plan is to hold to production or unless rp prices collapses so i probably have a different perception to say a trader.

In regards to tax lose selling, read an interesting article saying that after many years of great returns this year will see an increase in folk taking losses,

Would have to effect the market i would think, The dow dropping so much wont help either. all imho

 

[kenny]

Re: MAK - Minemakers

Hi Kennas & Adam,

I agree about the prudence of taking profits. That's why I still have funds earmarked to get back into MAK. Trigger finger getting itchy while I wait and see whether the $1.50 - $1.60 support holds.

Like you, Adam, I didn't expect to see these levels again without any significant stock specific event. Market wobbles and the allure of changing "hot" sectors like oil, coal and iron ore can do that I guess.

Kennas, I've never actually visited HC. Should I? I get more than enough bright ideas and thought provoking posts here at ASF. I find it hard to place a less than rubbery fair value for MAK these days. I must be distracted by the hype. I can't even estimate the cost of beneficiating the surface stuff which has to impact the bottom line even before escalating transport costs.

Cheers,

Kenny

 

[Sean K]

Re: MAK - Minemakers

Golly, been a tough run for anyone who got into this too late, and have been prepared to sit on the potential fundamentals. Hope you are vindicated longer term.

I wonder if we can expect some tax loss selling to stop now we're in a new FY? There had to be some in there, but how much? I suppose some spec money has just been moving around the sector too.

The reason I'm holding on at the moment is that MAK are the furthest advanced in the Poo sector and while a lot of specs may peg some ground and make claims about potential tonnage they are way behind the eightball. The fertiliser plays need to start getting stuff out of the ground to take advantage of current prices, and MAK is at least one to maybe three years ahead of the rest. (Happy for any disagreements). While there will be inevitable corrections (eeeek) the fundamental potential should surface here. Unless we're all taxi drivers with our heads up our arses.

Good article in the Australian this am for the poo sector with BHPs young turk Kloppers ramping Potash.


BHP to plough $10bn into fertilisers

Matt Chambers | June 30, 2008

BHP Billiton chief executive Marius Kloppers has unveiled long-term plans to spend up to $US10 billion ($10.4 billion) moving into fertilisers in an attempt to benefit from growing global food demand amid limited farming land.

Mr Kloppers, speaking in London last week, said BHP believed agricultural commodities were set to experience the same growth in prices as metals have and that the miner planned to capitalise on this by becoming a major player in Canadian potash, used to make fertiliser.

"We've got an absolutely world-class resource in potash in Canada, which was based on a view taken that the agricultural commodities would go in the same direction as the more metals-orientated minerals," Mr Kloppers told a London meeting of the Melbourne Mining Club.

"We bought the assets for not a lot of money and they have the real opportunity that, perhaps with upside, we could invest billions, perhaps $US10 billion over the next decades, and take them into a very, very significant producer of potash," he said, adding the asset had the potential to produce for several decades.

BHP last month agreed to spend $US282 million buying out its 25 per cent partner in potash ground in Saskatchewan.


Hey Kloppers! Look over here, between TC and Mt Isa, lots of poo for you, and going cheap! LOL


Chart wise, woof. Been a steady sell off for two and a half months, but now in a support zone between $1.25 ish and $1.75 ish.

Chart wise it looks like the down trend could be over with a short term double bottom at $1.75 ish, but it's tenuous. Should be good support between $1.75 ish and 1.30 ish. $2.00 formed up as considerable resistance.

I think there will be some pressure on the sp during June as some people who bought in well above $2.00 take capital losses. Not sure why you would sell for a capital gain at this time though...

Must be a bottom somewhere....

 

[Speewha]

Re: MAK - Minemakers Knocking on the Door ?

Yes I agree hang in there is the best option with this one. Noticed yesterday lots of small transactions, at one stage we had the one share offered for sale scenario again. Somebody who does not pay brokerage on each transaction I assume. Could it be that someone wants to make a large play is trying to get the price down?

 

[gfresh]

Re: MAK - Minemakers

Would be disappointing to see this one gobbled up by another player, simply because the market was too caught up in short-term movements

Under $100m market cap now, and nearly 50% held by larger holders. Hate to say it, but Joe shareholder asleep at the wheel.

Although $1.60 tenantive support, and this morning some buyers stepping up to the plate - so will be interesting to see if this is a reversal at all.

 

[Speewha]

Re: MAK - Minemakers www.FertilzerWorks.com

Hello

forgot to add www.FertilzerWorks.com to my last post. I like the Agricultural market so find it useful. You may find something in it or you might not I am not endorsing it

 

[Speewha]

Re: MAK - Minemakers

Hello,
The one share seller is back again on this stock today. I am aware this may be due to algorithmic trading but would appreciate any comments or thoughts as to why MAK seems to be continually targeted in this way