Once it goes ex-entitlement on Monday we will start to see a fair reflexion of its potential. Today it is just an arm-wrestle of buyers wanting a piece of the entitlement pie vs those that wanted a shorter term trade & opting out before it goes EX.
From Monday onward, the company will be unemcumbered with the SPP, and all it will take is some DD news to spark a move. Normally we see some positive news released before the closing date of acceptances to "encourage" holders to take all of their entitlements.
Patience now, and just let the Pilbara story keep going!
peer comparison, page-5
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