G'day Billy,I've been watching this one very closely. I am...

G'day Billy,

I've been watching this one very closely. I am convinced a lot of the selling depth ( even though there is not a lot) isn't real.

Take yesterday for instance. it was 11.5 bid all day, but only a few thousand went through at 11.5.

It was the same when it last hit 11. Less than 100k went through at 11 in the pull back of last week.

It is proving impossible to get the stock at these levels, because no-one is prepared to sell down. I think we will find the 13 - 14 area melt away when things warm up in coming days.


I know the company's fundamentals through Baillieus, but I am in it heavily at the moment for technical reasons. I feel there will be an immenant run to over $0.16 and then beyond in a matter of days/weeks.


I am informed by Baillieus that MRX will be presenting to JB Were this week.

The copper price looks technically strong to. More strong gains coming. Easy run to 120 I feel.




All the best