I'm still a skeptic of the SMA but I hope it's right here. Looks like it could go either way IMO, although MACD is looking pretty dodgy. Could all hinge on the WS fe assays due about 3 weeks ago.Agreed. Although MAK is rather quiet while it consolidates, the buying pressure is increasing nicely as seen on the Neilson SMA chart, suggesting another flagpole is likely soon.
I'm not on the fence if it keeps below 30 cents for the day. Bit bearish I'm afraid. Could find its way to support around 24-25 cents if a few keen buyers come in, which there doesn't seem to be at the moment. Perhaps they're getting hurt for the late fe results. Disappointing. In my last correspondance with the company I asked about their uranium exploration 'plan'. It's fine to buy some hot land, but you have to lift a spade eventually. Just when? I asked. No answer.....I'm still a skeptic of the SMA but I hope it's right here. Looks like it could go either way IMO, although MACD is looking pretty dodgy. Could all hinge on the WS fe assays due about 3 weeks ago.I requested an update 2 weeks ago, but no reply. I don't like having to put angry faces in this thread!
So, I'm on the fence, but hopeful, which is not the way an 'investor' should be.
I'm not on the fence if it keeps below 30 cents for the day. Bit bearish I'm afraid. Could find its way to support around 24-25 cents if a few keen buyers come in, which there doesn't seem to be at the moment. Perhaps they're getting hurt for the late fe results. Disappointing. In my last correspondance with the company I asked about their uranium exploration 'plan'. It's fine to buy some hot land, but you have to lift a spade eventually. Just when? I asked. No answer.....
Hi Kennas, I really get peeved when there is no update given when results are delayed. The last time MAK went for a run it rocketed from .22 to .39. Anything positive in the FE results is a good chance to have a similar effect IMHO, given the current sentiment in iron ore, MAK's tiny market cap and what is still a relatively thin sell side. I agree that it may well be drifting due to the delayed news. Nonetheless, I think I'll hang in there for the FE results to come out EVENTUALLY. Let you know if I can extract any info from the company. Maybe ASF holders of MAK should "blanket bomb" AD with emails and phonecalls in the hope of finding out SOMETHING regarding the overdue results and the Uranium 'plan' as you put it. Maybe the 300lb per tonne will turn out to be true (that's a joke, not a ramp).
Might be a good move skint. Any profit's a good profit I say! I'm holding mostly options I have held for some time and I am waiting for the damn fe assays to be released to my happiness, or pain. I've just thought that if I wasn't on when they came out I'd be missing out. Missing out on pain maybe.....Oh well, I tried to get through to the company yesterday but to no avail. I decided to bail out at an average of 26.5 for a small profit. Just isn't holding up for mine. Still like the prospects of his one but I think I'll wait until there's stronger support and hopefully get back in at a lower price or similar price if buyers return.
Found support, slight increase in volume at potential bottom, fe results imminentCould find its way to support around 24-25 cents.
"if one of these projects gets up, then the stock should go into the stratosphere" Andrew Drummond, MD, not ramping on Boardroom Radio.
Ann out on fe,Found support, slight increase in volume at potential bottom, fe results imminent, which are hopefully kind to holders.
Ann out on fe,, best intersection from the 3 holes 12m @ 51% magnetite, confirming this to be the extension of GRR's Southdown deposit, 458mt at 40 ish %. MAK have a longer strike length identified.
How do others read the ann? Intersections look minimal.
Not going back up till close EOD above 30 IMO.
YT, these were drilling results were aimed at depth. Follow up drilling will be done to test closer to surface, so I'm still OTF (On The Fence - need to coin this to save future typing because I seem to be there A LOT!)To be honest Kennarico,
I didn't like the announcement at all and here's why
WSD01 149-161m, 12m @ 40.65% magnetite
WSD02 121-127m, 6m @ 36.00% magnetite
Not only are the intersections minimal, they are 120m-150m below surface!
People complained about YML's 50m of top soil and that was haematite,
This is magnetite, I can't believe it so deep, I mean 150m is almost underground mine stuff,
I'm disappointed
Drill holes are generally on an angle YT!Oh I see Kennarico,
But if your drilling to 200m dee, wouldn't you get the assays for the first 100m's?
I guess I'm annoyed because we wait 12 weeks for some assays and then they're 120m-150m undercover,
And whats going on with the Tin? C'mon MAK move it!
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?