AEV - Avenira Limited

[blogs]

Re: MAK - Minemakers

Well another day, another day in the red....

Think its obvious that this is going to test 60 cents-people on another site are going on about how 'cheap' they are atthe moment but no one is buying-all getting sold into. So I ask myself, why would anyone be forced to buy now when they can sit back and wait for it to drop some more. Unless there is someone with deep pockets who buys a chunk, or some great news this aint going anywhere for the time being me thinks?

Thoughts?

 

[Sean K]

Re: MAK - Minemakers

Well another day, another day in the red....

Think its obvious that this is going to test 60 cents-people on another site are going on about how 'cheap' they are atthe moment but no one is buying-all getting sold into. So I ask myself, why would anyone be forced to buy now when they can sit back and wait for it to drop some more. Unless there is someone with deep pockets who buys a chunk, or some great news this aint going anywhere for the time being me thinks?

Thoughts?

Yep; less risk taking, people going to cash, others locking in profits, doubts on opex and commod price going forward. Perfect storm for downtrend, and NO buyers.

This could well be cheap if all the stars align.

Fears of a US total implosion have the entire market by the throat right now, and may do until rightoffs stop, and growth returns...

6 mths to 5 years..?? It's anyone's guess.

 

[blogs]

Re: MAK - Minemakers

Unfortunately I agree Keenas-there is a serious lack of buyers, heck there is 10,000 for sale at .855 which I thought would have been snapped up, but nope still just sitting there. Its a shame, I really like this stock but the bears are out to play it seems....

I do wonder though at what price it would entice someone to clear a few lines, 50-60 cents maybe?

 

[Speewha]

Re: MAK - Minemakers

Hello,

How you feel about this one depends when you brought in. Won’t go into all the negative or positive possibilities here, that is being done in great detail on this and other forums.

Will just make the observation all recent movements are based on comparatively small volumes. Think that early buyers are taking profits, late buyers cutting losses. As far as I see no major holder including AMP have reduced their holding.

MAK is and always has been a speculative stock and as with all speculative stocks you need to have strong nerves and be prepared to ride the bumps, if you are having trouble sleeping perhaps the stock market is not the place for you at this time.

There are stocks that have been around for years that have consistently been well run and profitable they are also suffering because of the justifiable angst being shown by our market due to the dark clouds that have formed and could be argued still growing over world financial markets.

Regards

 

[blogs]

Re: MAK - Minemakers

Hello,

How you feel about this one depends when you brought in. Won’t go into all the negative or positive possibilities here, that is being done in great detail on this and other forums.

Will just make the observation all recent movements are based on comparatively small volumes. Think that early buyers are taking profits, late buyers cutting losses. As far as I see no major holder including AMP have reduced their holding.

MAK is and always has been a speculative stock and as with all speculative stocks you need to have strong nerves and be prepared to ride the bumps, if you are having trouble sleeping perhaps the stock market is not the place for you at this time.

There are stocks that have been around for years that have consistently been well run and profitable they are also suffering because of the justifiable angst being shown by our market due to the dark clouds that have formed and could be argued still growing over world financial markets.

Regards

Problem is that it has been trickling down on low volume since May and I wouldnt be surprised to see it close under 80 cents today, as you would know volume, or lack of it can really destroy the value of a S.P short term.

 

[Ken]

Re: MAK - Minemakers

Just a question on the options.

When do they expire? And at what price?

MAKO has lost 50% in last few weeks.

 

[blogs]

Re: MAK - Minemakers

They expire 31 December 2008, good buy if she goes back above $1, lousy buy if she goes down to 60 cents lol

 

[kenny]

Re: MAK - Minemakers

Hi Ken,

MAKO's 31/12/2008 expiry. Exercise 30c

Cheers,

Kenny

<some more characters to make post long enough>

 

[grace]

Re: MAK - Minemakers

What do holders think of IPL's move into arafura's reo/phosphate/uranium deposit at Nolans bore in the NT? Looking at the option of putting a chemical plant in either NT or SA for processing of reo's, but also for using the phosphate for production of phosphoric acid and calcium chloride (I think one has to become a scientist these days when investing).

Interesting move by IPL......we get some business, you get some business type of deal. There is also a gold hopeful (nav) with a similar type deposit of reo/phosphate/uranium (I'm holding that one painfully), and Mt Weld owned by Lynas (although Westfarmers own the phosphate there, thanks to twiggy's past transactions from memory, and the processing will be done offshore....Malaysia as I recall).

 

[Dezza]

Re: MAK - Minemakers

What the? No post on MAK since Monday, even with an announcement and investor preso?

Anyways, announcement was positive. Good to see the NT Govt. chipping in and helping out.

Presentation, another good summary in case you forgot the last one. Updated investors on the NT support. Are the presentations getting more relaxed? Nice to mention the Asians, but did a high school student prepare the PowerPoint slides or something?

Share Price still hovering though...

 

[Speewha]

Re: MAK - Minemakers

. Are the presentations getting more relaxed? Nice to mention the Asians, but did a high school student prepare the PowerPoint slides or something?

Hello,

Ha Ha Dezza,
Let’s hope their mining skills are better than those displayed in their presentations. However good news is welcome however it comes.
Suspect their presentations will become more corporate in time, might be a job going for a good COMS person.

Regards

 

[Sean K]

Re: MAK - Minemakers

MAK has made a significant move today, which may signal a bottom was found.

However, on the medium term chart, I can't back up until it gets to the blue circle, with a stop, or then going all in when it's around the green one..

Overall, market is still on a precipice (however you spell it).....

 

[Whiskers]

Re: MAK - Minemakers

MAK has made a significant move today, which may signal a bottom was found.

However, on the medium term chart, I can't back up until it gets to the blue circle, with a stop, or then going all in when it's around the green one..

Overall, market is still on a precipice (however you spell it).....

Announcement just out probably explains it... the highlighted bit.

Just gotta find some spare cash to get into it now.


WONARAH RESOURCE DRILLING COMPLETED

29 August 2008

• Minemakers has completed its four month resource definition drilling programme.
• New JORC compliant resource estimates for both the Main Zone and Arruwurra will be undertaken for Minemakers by Coffey Mining Pty Ltd over the next couple of months.
• Based on the widespread nature and general continuity of the phosphate mineralisation encountered, Minemakers reasonably expects that the new resource estimates will be a significant increase from the current 72Mt at 23% P2O5 JORC compliant inferred resource estimate in the Main Zone.

 

[shag]

Re: MAK - Minemakers

so are you buying in further yet kennas?
i might take a punt on a few of these speculative miners while the market is subdued.

 

[hsm2008]

Re: MAK - Minemakers

Mississippi Phosphates produces record earnings
Wednesday, August 27, 2008
By APRIL M. HAVENS
Phosphate Holdings Inc. this week announced $35 million in record second quarter earnings, a 349 percent jump from $7.8 million in earnings during the same period last year.

Phosphate Holdings Inc. is the sole stockholder of Mississippi Phosphates Corp., which owns and manages a diammonium phosphate production facility that employs about 220 people in Pascagoula.

Diammonium phosphate is a water-soluble ammonium phosphate salt that is commonly used as a fertilizer, among other uses.

During Tuesday's earnings conference call, CEO Robert Jones said the company "just had a great quarter."

The company sold 162,427 tons of diammonium phosphate in the second quarter of 2008 as compared to 103,917 tons in 2007, the financial data showed.

Net sales in the second quarter were $171.5 million, up 192 percent of second quarter 2007's $58.8 million, which was due in part to a 183 percent increase in the average sales price of diammonium phosphate over the last year.

Currently, the average price is $1,049 per short ton. In 2007, diammonium phosphate cost about $371 per ton, Jones said.

This price increase of diammonium phosphate is historical, Jones said, but the prices have not yet responded to the sharp rise in the cost of ammonia, sulfur and phosphate rock.

For example, the cost of ammonia, Jones said, has gone from about the high $500s last year to about $750 per ton currently.

Diammonium phosphate is manufactured from phosphate, sulfuric acid and ammonia. The company makes its own sulfuric acid, but it purchases the other ingredients.

Earnings for the first half of this year were $42 million, or $5.19 per fully-diluted share of common stock. During that same time period last year, Phosphate Holdings posted $33.7 million in earnings, or $4.40 per share, the company's second quarter report said.

Net sales from January to June this year were $238.7 million, a 117 percent increase over 2007's $109.9 million in the same time period.

Despite hikes in ammonia and phosphate rock, the company is optimistic that increased international demand for diammonium phosphate will keep it healthy during the summer, a historically slower season.

Stephen Wehmann, vice president of sales and marketing, said during the conference call areas such as India, Russia, China and South America, in particular Brazil, will demand more product in the coming quarter.

India alone is expected to import 400,000 to 600,000 tons of diammonium phosphate between now and November, he said.

Reporter April Havens can be reached at ahavens@themississippipress.com or 228-934-1478

 

[hsm2008]

Re: MAK - Minemakers

the only thing l'm worried about is capex and cashflow, if they can manage that they'll make a ton of money. They might need a partner

 

[Sean K]

Re: MAK - Minemakers

so are you buying in further yet kennas?

No, not yet, I will when those circles are breached. At the moment, the bank owes we interest which is all I'm happy with...

 

[Dezza]

Re: MAK - Minemakers

Up 30% today, but still way off the previous highs. More good news on drilling will always help, however, until the phosphate starts moving across the Barkly Hwy, price will still hover around.

Depending on how market sentiment goes tonight overseas, will see how MAK goes on Monday. Will either see some selling for profits if they bought at 80c, or more buying in waiting for those "more significant" results and JORC compliance.

Either way, should be fun!

 

[JTLP]

Re: MAK - Minemakers

Gah! Always pick the stock a day too early! Damn you MAK and your 30% increase...leaves me in the dust for the 1st day of Sept.

 

[Sean K]

Re: MAK - Minemakers

the only thing l'm worried about is capex and cashflow, if they can manage that they'll make a ton of money. They might need a partner

Capex will be the easy thing for this project. A few sheds, a rail siding, contibution to Darwin Port expansion (if needed - looks like NT Gov is going to foot the bill, a few big spades, and she's away. <$50m at a guess. I think the original SS Capex was $40m off the top of my head.

It's the Opex that needs to be sorted, and the logistic/transport consortian is working on that. No costs are yet to be produced. Original SS was under $100 tn, but overall mining costs have skyrocketed since then. Fuel, labour, spares, new tyres, food, pleasure platoon, etc...

We're only guessing by putting a number on a likely Opex at time of mining in 2010.

What they need is for the Opex and RP price attained to be economical. Right now, at current prices, it's a monty. But, do RP prices stay high, or come off? And what's the final Opex to be?

That's why it still needs to be classed as a spec investment IMO. Could be a great long term pick now IF the stars align.

A partner? I've always thought that would be the way to go. Perhaps whoever needs the RP to make their poo can throw a few bucks in..