That may be true, but I don't think it's what's going to drive the price. Instos decided the SP was ridiculous, saw the signals and voted with their funds.
I'm thinking 45c peak tomorrow is probably a little optimistic now. Might get a peak to 43-44c in the morning, ease-off and then hopefully finish around there or a little higher on FOMO of DFS release Monday.
It'll be interesting to see if Macquarie's 41c gets any respect at all.
50c+ by October.
GXY Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held