The report was in line with market expectations. The sell down is largely due (IMHO) to sell down by Glencore of what was once a holding of about 750 million shares that began with the CD announcement on Friday. Some may disagree and that's fine. Underlying IOP strength and inherent volatility will see us back up towards 5.0 next week. Further positive announcements re debt paydown and hedged price will have more positive impact as announced.
Just MHO and DYOR. Time will tell.
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