very tightly held now, page-5

Thanks mate. Yeah...that sell depth might as well disappear.

The VWAP today was only around 89.9c Vs the close at 95c so ordinarily I would have expected a pullback tomorrow except.....

The turnover was huge compared to recent weeks and that Speeding ticket is likely to fuel the fires, not douse them.

We could see a move above $1 very soon, and it might not even retrace.

Am happy to hold my 75,000 worth at present and see where it leads. I remember back in early 2004 a stock called Innaminca that kept getting accumlated by Macquarie Bank on the open and close at prices around 35c during a drilling campaign. Then, in late Jan-04 they hit oil/gas and the stock went nuts - getting well over $1. I cleaned up back then even though I sold well under the $1.50 high and I'm starting to get the same feeling about MAE just at present.

Up until today - when it seemed a lot of small parcels were going through - MAE was getting bought on the open and close in largeish volumes, and it had been going on for awhile.

Someone knows something...or that takeover rumour could be VERY real.

Anyway, I'll hold for now. Don't have anything better to do with the money.

Coop

Coop