As per the above, and upon review of the recent price action, it looks like JP Morgan have completed their transfer/sale of the securities on EIG's behalf (i.e. the 44.3m shares that EIG sold to JP Morgan at $0.45 on 22 August 2018).
Prior to this selling pressure from EIG/JP Morgan, SXY had a bit of momentum which seems to have now returned.
With the selling drying up, we could be back on that upward trajectory in anticipation of financing close and that all important outlook.
Whilst training last night, I re listened to SXY's most recent conference call following release of the FY18 results. It goes for 30 minutes - but I highly recommend any SXY shareholder have a listen (if you haven't already). This link is what led us to the momentum we had prior to oversupply of 44.3m shares... https://www.senexenergy.com.au/multimedia/webcast-fy18-full-year-results/
SXY Price at posting:
46.8¢ Sentiment: Hold Disclosure: Held
