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     dug
Member
Username: dug
Post Number: 2869
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Saturday, February 09, 2008 - 10:55 am: |  
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New High yesterday and a growing amount of Interest.
Thursday it was announced that Drilling Rigs were set to start preliminary Feasability studies in two of MAK's Holdings.The current interest appears to be around Phosphate Mine and this is being fed by Farming/Agriculture being the Next Big Thing.
However the Drill Rig for the phosphate angle is due to start in APRIL,after the NT wet season so I reckon that point wasn't really appreciated in yesterday[Fridays]Candle so that's why it reversed and furthermore I figure that a retrace is next weeks action for Buying.
The Andrews Fork is just there for "experimentation"/Pattern "guessing" but I've got to go out and will Flesh Out more on MAK later.
Even 'til Jaded.
Dig for the sake of it.
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dug
Member
Username: dug
Post Number: 2887
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Tuesday, February 12, 2008 - 08:50 am: |
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I'm considering MAK as a Long Term Hold because I see some "rarity" in it's story/scenario.
There's been a lot of talk/chat about Amalgamation in the Mining/Materials Sector.There's views that the old Wildcat days are passing.The expense of actual production,explorers becoming "legit" is becoming more Pie In than Blue Sky.Even this possible maybe merger BHP/RIO is a "threat" to the "little guys" in that the Reserves of the Bigies are so huge and their contacts/marketing so encompassing that Small producers could be wiped out etc etc blah waffle.
So anyway let's just say I'm suckered by the name MINE Makers and their attempt to Boutique/Niche Market "specialised" minerals like Phosphate and Tungsten etc.
Now I haven't exhaustively researched MAK.Haven't really absorbed any particular "inside" high Commerce Factor in them.Just read some recent Announcements to get "d'Gist".
Phosphate-As said above this is Hot like the New Uranium.MAK is backing some MAYBE Deposit in NT,close to the Qld Border.MAK touts this as being close to Infrastructure,at least it's on the Sturt/Stuart Highway or something.
The Main Tout is the tenements close proximity to a Known Massive Deposit owned by some Blue Chip,Incitec Pivot,I think.
This proximity to a Major seems to be the "latest" thing in Minors.Like Flinders Diamonds doing a "Survey" for Iron Ore and coming the tout of Could Be Massive Concentration?Why? Well,just look at a Map we [FDL] are right next door to Fortesque ergo it could be.
No longer do canny investors have to be delayed waiting Drill Results,JORC reserve Calculations.That's all old hat,all one does now is look at a Map!
Anyhow MAK's phosphate Maybe is some 100kilometre North West of Incitecs but out there in Never Never Land 100 klicks IS next door.
Anyhow,MAK is doing the twist and turn "wildly" at a New High Level.It turns out all right by the End of yesterday but it was under the open most of the Day.It VWAPed at 68 yesterday but I have a 3 day VWAP to calculate on it yet.
MAK is some Year+3/4 months from first floating so there could be Capital Gains Discount Takers.
There's a Limited Shares Listed in MAK BUT it's got Mines to Make so this will change/Dilution.Personally I'm hoping MAK has "respectable" Management that Dilutes by Offers to All ShareHolders instead of Sophistos but that's a personal Bias that along with some more FAscinating FActs I'll rabbit on about later or elsewhere.
The Chart.
Even 'til Jaded.
Dig for the sake of it.
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cat_lady
Member
Username: cat_lady
Post Number: 419
Registered: 10-2006
Rating: N/A
Votes: 0
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| | Tuesday, February 12, 2008 - 12:37 pm: |
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hey dug
did you catch today's run or still contemplating?
cat lady
Without my morning coffee I might as well be a dog
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dug
Member
Username: dug
Post Number: 2891
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Tuesday, February 12, 2008 - 01:17 pm: |
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no cat_lady I'm sidelined muttering Ohhh I was Gunner.
It's turns during the day are a bit of an ache.If I had bought I probably would of sold earlier anyway.
That Fork Pattern is only "experimental".In hindsight I'm developing one of my criteria as getting a drift,waft on d'draft from bleeding Warm Pig cresendo of Posts.
It worked with CVI and coulda,shoulda,woulda worked with MAK so it goes thru my head.
The problem on buying the retrace now is how deep and for how long.Some plunge could break the pilgrims hearts,set up a wall of worry for latecomers to pacify sloooooooowly.
I'm thinking with much fewer if any Rockets in the Current Market,shares with limited On Issue and a Story are being targeted by them THEY d'dreaded Day Traders.
Transitory not Staunch if you follow?
hey cat_lady you know how you follow Eugenio's Mums Tenet about Management,Management?
PHK Phoslock is doing exemplary Governance this week.Not Only did They have a Trading Halt last Friday BUT on the day of asking for it they gave the reason WHY!![A Placement]
Then they did a Placement today but with these real Governance Innovations
like it was by Convertible Note AND Interest is paid 6 monthly not in Cash but SHARES.
ohh it's a pity the ASX called it PHK instead of the company preferred PWS
Phoslock Water Solutions PWS doesn't have the PHK connotation to the texting young pilgrims,hey?
regards.
Even 'til Jaded.
Dig for the sake of it.
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coyotte
Member
Username: coyotte
Post Number: 454
Registered: 12-2002
Rating: N/A
Votes: 0
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| | Tuesday, February 12, 2008 - 01:21 pm: |
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have a free PDF book on trading the pitchfork if any one is interested.
by rights you should also draw in the counter pitchfork
The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".
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dug
Member
Username: dug
Post Number: 2892
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Tuesday, February 12, 2008 - 02:32 pm: |
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thanks for the offer,coyotte but I'll decline.That top line has No Confirmation whatso ever.
I'm thinking today is Blow Off Volume so I'm "experimenting" with the ol'Vegie Maths Fibo.
Trying to calculate a Retace of 60%ish like it did recently.Do you go along with the theory of Pattern Repeat?
Got to do something when ya just hanging around.
Even 'til Jaded.
Dig for the sake of it.
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coyotte
Member
Username: coyotte
Post Number: 455
Registered: 12-2002
Rating: N/A
Votes: 0
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| | Tuesday, February 12, 2008 - 03:18 pm: |
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do not know what you mean about confirmation of the pitchfork ?
The Median Line is confirmed by the Swing Low back in July.
U do not just Draw a Pitchfork it must calculated from the previous swings and has nothing to do with Fib No's.
the chart below is a McLaren approach. --- A breach of this high would indicate a Slowing or Changing of the Trend
.
The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".
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dug
Member
Username: dug
Post Number: 2893
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Tuesday, February 12, 2008 - 03:44 pm: |
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Knew it had nothing to do with Fib Numbers but not much else,coyotte.
I haven't read McLaren but I have some VWAP numbers for the last 3/4 days.
Thursday-Monday 3DVwap 65.7
Friday to Tues 3DVwap 76.5
thr day-59.6
fri day 68
Mon Day 68
Significantly Perhaps Today 85.3 the Close even on excess Volume.
So I'm guessing that a retrace may be into the 66/76 Range,maybe into 58ish but 70 is shaped quite nicely by the parameters
but it could also do a Captain Twist of the Good Ones Don't Come Back because of the Close on Volume at the Vwap and still rocket away from even ToDay.
Must do a Log Gander.
It's all a bit academic,hey?but there's some confirmation of Calculation by both your last chart and my wacked together Fibo so could be interesting?
cheers.
Even 'til Jaded.
Dig for the sake of it.
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dug
Member
Username: dug
Post Number: 2906
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Saturday, February 16, 2008 - 10:16 am: |
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So MAK is hanging in there.Inside daying to Tuesday Volume Big Green.Is it Island Clustering,though?Being distributed at this peak price?
Would you buy it at this? Gone up 4 times the December price so you think it's a Bargain?
I don't think so myself.As a prospective first time Buyer,I find no reason/news to bite at 80+.
I await hibi,telling me about Tungsten and giving some idea of IF/When production may start or is it still doing JORC build up of Reserves?
MAK is getting a lot of Ramping Attention,chiefly because it is performing "extraordinarily" in this choppy market.Still haven't dug around much in it re Management "Finesse" etc.I wonder if MAK is planning to actually mine "stuff" or whether it's trying to find "significant" deposits Proved Up for off loading to Majors?
The other day the Ramp floated that MAK may build a bleeding Rail Line from Mt Isa to Tennant Creek."They" costed such a thing as a mere 200mil$.Contacted Managing Director to get his opinion.
Geez this openess by MD's to shareholders queries is really getting out of control.Fancy having to field dumb propositions from Warm Pigs all day.
No wonder Directors gouge out Huge Salaries irrespective of whether they dig up anything!!
Happy Trading.
Even 'til Jaded.
Dig for the sake of it.
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rockon
Member
Username: rockon
Post Number: 252
Registered: 08-2003Rating: N/A
Votes: 0
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| | Monday, February 18, 2008 - 05:25 am: |
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http://www.theaustralian.news.com.au/story/0,25197,23228891-643,00.html
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hibikijoji
Member
Username: hibikijoji
Post Number: 384
Registered: 08-2005Rating: N/A
Votes: 0
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| | Monday, February 18, 2008 - 08:12 am: |
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"MINEMAKERS SECURES DRILLING RIGS
FOR WONARAH
{clippet}
Drilling plans have been submitted to the statutory authorities for routine approvals. Subject
to these approvals and the passing of the Wet Season, drilling is planned to begin in early
April 2008."
Looks like we will get some action within the next month
Disclaimer :
The views expressed here are for experimental practices only. They have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information.
Please consult your broker or financial adviser before making an investment decision.
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dug
Member
Username: dug
Post Number: 2907
Registered: 07-2005
Rating: N/A
Votes: 0
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| | Monday, February 18, 2008 - 10:27 am: |
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rockon- that article's reference to fertilizer price rise due to bio-fuels production could be wrong.
bio-fuels/ethanol has really fallen off the Alternative Energy Radar.It's got a problem in [a] it[ethanol etc] uses a lot of fossil fuels in it's production and [b] distorts produce Food prices.It's not proving Energy Efficient,no good using a litre of petrol to make a litre of Ethanol.
The Europeans,last I heard,were ditching Ethanol and it's subsidies. The Yanks are still keen but that's because of the Farmer Vote.After the election they could ditch such fuels too.
The Boffins are working on Ethanol,Bio Fuels from Algae,now.Trying to speed up the Natural Way Oil was formed eons ago.Also no one's eating Algae,right? so it don't disrupt the Third World;TakeOver Farming for Food,Square Miles.
Anyhow all this may cause the Fertilizer Price/MAK's to retreat IF the market wakes up to such factors and the above proves relevant.
cheers.
Hibi-The Wet Season can go into April.No drill start no short term anticipation of Results.
Even 'til Jaded.
Dig for the sake of it.
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rockon
Member
Username: rockon
Post Number: 253
Registered: 08-2003Rating: N/A
Votes: 0
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| | Monday, February 18, 2008 - 11:55 am: |
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