I've given up on getting mine at 0.008 for now. Bought more at 1.1 to 1.2 rather than miss out on having extra in a possible move up. My reading of the technicals is that multiple moving averages are coming together preparatory to a move away from the 200 day ma which currently sits at 1.1. In addition, today's close at 1.4 breaks the down trend we've been under from the spike to 2.3 back in January. We arguably need to see another higher low, probably back to 1.2 to confirm but it looks like we have started another up trend - where will it lead?
I did ring Chris Jordinson today, he's in Canada at an international fertiliser conference. He said there is nothing due for announcement in the very near future and does not know what's sparked buying over the last couple of days. This suggests a market/trader move - perhaps speculation around the MAK situation and possible value inferences being drawn for us?
UCL Price at posting:
42.0¢ Sentiment: LT Buy Disclosure: Held
