The way that volume was dealt with on market on Monday was...

The way that volume was dealt with on market on Monday was nothing short of aggressive. Leads me to think it was either a forced seller / serious margin call or someone with an agenda.

Short interest hasn't increased.

With a serious debt package locked away, one final approval to be received and a relatively small equity gap to be solved for, the discount to NPV vs risk in the business has never been greater = serious target at current levels.

I've tipped out a few other positions to take advantage of the current price action and happy to keep batting down here if the opportunity persists.

Chart wise a close above 71c is key for short term price direction. RSI has printed an oversold reading, which historically proves to be a good buying opportunity. MACD jaws have widened as it has moved back through the 0 control line, which is a negative. Good demand on market coming in yesterday to absorb the residual supply. Today's market action will be telling.