I thought the same. I expected them to take it down in 0.05...

I thought the same. I expected them to take it down in 0.05 seconds for Merch.

Anyway, good to see that the sp break below 5.5-5.4 was short lived. Hopefully it stays that way.
It might have been initially pushed down to right on the lower support line by that sell order the company needed to do by the 21st with the sp closing on 5.4c that day. A bit of momentum then dropped it to 5c with perhaps some late tax loss selling thrown in but it's back up to that support today.
Yesterday's news was good but not what the market wants to see. I think the offtake news is what should give us the positive break out of this holding pattern. I'll be a bit happier with the sp when the gap at 9.2c is closed.