I'm frankly a bit amazed at this SP action but this is reminiscent of two-three weeks ago.
Following the announcement of the CR and the "monster global opportunity" I was stunned to see the SP trade around 23c and took the opportunity to buy in knowing that we had some very significant news flow right around the corner.
Now we haven't got the big announcement yet but we've received several others that have led us to run all the way to ~40c. All these announcements have been very bullish fundamentally for the business but IMO will still pale in comparison to the "monster global opportunity".
Similar to the post CR market conditions, I see this as a big opportunity to top up and will hopefully be able to clear some funds asap. I have a feeling we could see a major re-rate following the announcement of the "monster global opportunity" depending on the details of the deal.
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