MGX could go any direction.1) Rising $AUD, MGX has no hedging in...

MGX could go any direction.

1) Rising $AUD, MGX has no hedging in place

2) Any rise in commodty prices are met with a rising $AUD

3) PMM announces revised profit figures

4) MGX have made no news public in regard to their operations

5) Oppies expired out-of-the-money (somewhat deliberately)

There's no doubting MGX's potential, but management's silence over several matters is of concern.

The recent volume spike could be insider trading or a last minute effort to push the share price (and oppies) into-the-money.

Shipment's still seem a while away and how profitable will these shipments be?

Keep an eye on PMM. Early next year they will announce how they will use their cash surplus. They will either pay it to shareholders or use it for acquisitions or something else?

Many factors to consider.