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Certainly does seem that the sellers with itchy fingers have been shaken out. Agree that it’s interesting to see no movement on the open (cannot recall seeing that for a very long time). Market seems to have found some sort of equilibrium at this level and one would assume that an announcement on finance or off takes will shift the price fairly substantially (one way or another).

Sellers very thin although the fact remains that plenty will pile in when the price pushes back up towards 38c so seller depth doesn’t mean a whole lot. Me thinks it might struggle a bit to get through this level (38c), however if / when it does it shouldn’t take too long to take out 50c odd (of course depending on the financing and off take arrangements).

Maybe this is the tipping point?