Its early days with IOU. Traders sold into the brief rally to 18c and the SP has sagged since due to the Xmas break and also its probably a few weeks until the next ann. Will it go lower is anyones guess, but all it needs is a gnarly red day in the USA and we may see 11/12c. This time next year it could very well be a 50c SP...All IMO
Ann: Operational Update, page-321
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