main reason i wont trade even at 1.30

the risk on the downside is still quite strong a trading range should be established at $1.30-$1.70 but downside price action will probably dominate for 1-2 months and personally i think this stock has had its run for now - could change in 6 months.

To many large bulk sellers for my liking this week volume previously has been obsecure and illiquid and once all the hoopla settles down i anticpate this may resume, phosopate prices at record highs but aussie $ is rising which will crimp any reported earnings esp if we go over parity with the US$

Despite the hype with MAK there are some serious risks and downsides i have mentioned above hope this clears the air for some