looking strong, the longer it builds a base at the 2.50-2.60,...

looking strong, the longer it builds a base at the 2.50-2.60, the more sustained the push to the next level.

Its been given its fair time to colaspe, if it was going to break under the 2.50 raising price, and that just hasnt happened.

The longer its consolidates, the safer it will be seen as an entry point, to the growth ahead of it.

It is a blue chip, and of 13 anylsts available to comsec, 4 strong buy, 2 moderate buy, 7 hold, and no sells, has to be attracting the attention of the super funds.

Will be interesting to see what their revised earnings forcasts are.

How much explosives are used, and reduced. Its only the operating mines that will effect the explosives demands.
How many of these have been closed??

Fertiliser, the world only has 7 weeks food on the shelves, any cut back this year on fertiliser consumption will be like a peice of elastic into next years prices.
Perhaps not emediate, but perhaps thats why its a good time to enter IPL and hold. Downside, most of the SP fall in line with reduced fertiliser prices has already happened, upside, on the rebound.