I expect the share price to rise as:
1. They have locked in the exchange rate, reducing risk,
2. Confirmed $1.49 total return, at the top of their original guidance.
There will be plenty of super funds in pension mode which pay no tax and willing to buy. Even a small return is better than leaving funds in a bank account earning near zero interest.
There was huge buying interest at the closing auction today, several buy orders of over 200,000 shares each at a premium price, $1.585-$1.60 .
There was no trading in the auction because of the late announcement.
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