AEV 0.00% 1.0¢ avenira limited

rock phosphate rival up 10% overnight

  1. 3,048 Posts.
    Legend is now up 10% to $1.15 overnight on the US markets. Legend and MAK tracked each other in the run up in 2008, based on RP and phosphate fertilizer prices. It won't be too long before MAK makes a similar run up, except MAKs fundamentals are much better in getting to a mine IMHO. MAK has better DSO grade Rock Phosphate, better quality RP and has transport fundamentals such as a highway already constructed. Legend is still on long dirt roads to get tits product out to the rail hubs.

    Watch out for MAK today, similar information is likely to be dripping through interested investors, if DAP is slightly higher on Friday morning our time then MAK will definitely be under the spotlight from fertilizer producers.

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