A lot of feathers got ruffled with that 20% discount resulting in the drop to 36c, I guess once bitten twice shy applies and as for the SOI we are about 1.2B currently no big deal as we head toward flow rates which will make us or break us.
Certainly as you say we are more de-risked now than at any other time in the last two years but Mr Market has the ultimate say!
EXR Trading 2024, page-409
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