Hi all. I just can’t understand the current share price trend...

Hi all.

I just can’t understand the current share price trend (when considering the rights issue at 4.30). ?

we are well past the record date so shouldn’t there be selling pressure pushing the price down. ? (Wouldn’t current holders be selling now to buy at 4.30?).

Unless there is a wave of new buyers who see strong positives in the future of the stock. Like:
- company is now de-risked with the new cap raise
- low cu stockpile and strong cu price predictions
- OZL takeover means SFR is the biggest cu maker in Aust.
- money moving from OZL to SFR
- other?

well I am taking up the rights and holding long term (optimistic about Cu).

cheers all