Fundamentally, nothing has changed. I think almost anyone watching/trading on the MDCDA code are existing holders, hence the heavy representation on the sell side, maybe making some panic.
Any price action before we move back to MDC code is mostly noise and a potential buying opportunity. Not sure why it wasn't moved back pre market this morning, ASX dragging their heels.
I'm expecting a bit of volatility whilst the book rebuilds over the next week or two, but if we go anywhere near $7.50 I'll just be topping up again.On a lighter note, I do like the new MC according to Commsec
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