Like I said , I would be pleasantly surprised so that's a good start. But obviously they didn't see the value at 18.0 so its a bit of a kick in the guts to the Soph's who took it up , and therefore could still hamstring the SP around these levels. Its really a toss of the coin here. I said back in March that it would have a positive effect from their taking them up , but it ultimately boils down to the manner in which they did given ALL the other peripherals news including the Capital Raise at 18.0.
So its interesting that this news comes FIRST , and before the Quarterlies. Market will need to now digest this in tandem , so could have a mitigating effect or compounding effect....., and therein lies the ' FLIP of the Coin ' analogy.
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