Has the sp hit a snag? Friday's high was 6.5c ten mins after a 4.6c open. The sp went on to close later at 5.5c. Today, we have an open at 5.9c before a high of 6.4c, and a low of 5.4c. Today it's since tried to reach 6.4c but has failed (three times). Trying again now.
If we see a lower high today, the sp may well fall back for a couple of days before it finds its legs again (around 5c ?).
If however it breaks through 6.5c today, I expect it will lift higher again tomorrow.
I'm picking the former given that we have yet to have confirmed that the Long-form docs are signed - upon which the debt re-profiling deal is still conditional.
