lack of comment on todays notice , page-12

Yes it's weird activity and I don't profess to have the answers. I suppose some of it might have to do with the end of financial year and the desire for some Instos to crystallize a profit before year end.
Whatever the reason , it does not reflect fundamentals which have improved with the last two announcements.
I think we might see a significant firming in early July, and given that the fundamentals have only Improved , I am looking on this as a buying opportunity. The sp is now getting down close to what the placement went out at, and they rushed it at $3.