IFN price action, page-19

Found them
UAC 24th July
Ibd.... 30th July


Can look to get back in @90 with minimum risk

UAC must either up their bid or will sell into Ibd. I’m not convinced they will extend, and not convinced they will up their bid.( they may match again) I don’t believe they will be in a hurry to sell into bid.

ibd will extend for 2 weeks, and once they have the majors on board into the acceptance facility and over 50% they will extend and extend until they need to add a 3c or 4c conditional sweetener if acceptances > day 80% and call it Final

92/93c lines up with my expectations