New Broker Research, page-155

People, seriously.

No major shows of volumes and much of the current news has been factored in.
This appears to be a simple trading behaviour that moved with the rapid growth of the indexes of late.

Let's see how the SP reacts when there's a decent drop in the market, which on balance, looks to be due at any time.

If you purchased 2-300 000 at 14.5 and sold at 18.5 on Friday, you would have banked a nice little earner for 2 weeks.

A 2-3% drop in the XJO or XMJ should give a real outline of where the SP actually sits.
At present, it has an appearance of a little bit too much pump n dumpy, so mature heads need to be applied.

Longer term, things will look much stronger than the current price is now, but there needs to be a little more dotting of the T's and crossing of the I's first.

A little more news on the WA lease too wouldn't hurt, as at present, CXM wants to be a 1 trick pony, all the while forgetting it's other current obligations.

Look at the company in it's entirety, THEN decide how large your purchasing position lies.

Let's see how the SP looks around Christmas.
Hopefully I am proven incredibly wrong in my opinions, and the buy in price is far higher than it is at present...