No rule to make target... problem

[Daniel Harezlak]

Hello,

I have a problem with pattern rules. I simplified my Makefile and got 
the following:

.PHONY: all create

all: create file.out

create:
        touch file.ext

%.out : %.ext
        mv file.ext file.out

After invoking make I get "make: *** No rule to make target `file.out', 
needed by `all'.  Stop." Then when I invoke make for the second time 
everything seems to work just fine.
As I understand it the prerequisite "file.out" should be matched with 
the pattern "%.out" and the stem % should then be replaced by "file" 
making the "%.ext" prerequisite look: "file.ext". The file in turn was 
already created by the "create" rule. However, it does not work.
Please, can someone help solve this problem?

--
Daniel