G'Day vcj, I wouldn't say the downward spiral is never ending....

G'Day vcj, I wouldn't say the downward spiral is never ending. Indeed the share price tested and bounced off the strong support level around 20 cents and has moved up from that point. It looks to be forming an inverted head and shoulders which would be a bullish indicator.

I bought back into RUM just before the end of the financial year as the share price at that time (20 cents) was just too attractive!!

It terms of the future of phophate as a commodity, I would say it has more potential than its more metallic siblings. People need to eat; so even though iron ore and coal may go down, the need for effective fertilisers grows along with the world population.

I too am somewhat at a loss to explain the short term weakness in RUM share price but am pretty confident at longer-term prospects.