AEV 15.4% 1.5¢ avenira limited

dj market talk...... cop that.

  1. 1,118 Posts.
    0215 GMT [Dow Jones] Minemakers (MAK.AU) up 13% at A$1.97, hit record high of A$2.09,
    as price surge continues. While stock market has headed south this year, MAK has surged
    10-fold since January. Wonarah rock phosphate project and 4-fold price increase in rock
    phosphate price have triggered recent gains. Company has said US$100/ton rock phosphate
    price needed for Wonarah economic viability, whereas prices currently above US$200/ton
    from US$50/ton a year ago. In its January investor presentation, Minemakers saw strong
    medium-term potential for Wonarah, with initial target of 2-3 million tons a year (2% of
    world production). Traders should beware profit-taking likely at some stage and market
    likes round numbers like A$2.00. But assuming A$100/ton profit on 3 million tons a year,
    MAK is trading on a minuscule p/e ratio of about 0.3x. And Wonarah is only one of many
    potential developments that cover iron ore, tin & tungsten, fluorite. In longer-term,
    Minemakers has scope to get much bigger. (DWR)
 
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1 5001 1.3¢
 

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1.6¢ 251377 1
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Last trade - 11.26am 09/12/2019 (20 minute delay) ?
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