Firstly no information has been released to the market.
More importantly, longer term investors are mostly locked in already and are holding.
There are very few shares available for purchase due to two equally important things. Low TOTAL number of SOI and a very significant number of shares held tightly by the T20. I mean SIGNIFICANT number.
that leaves around 30-60M available for trading.
Day trades will hold smaller positions.
It’s essentially a waiting game and the small gyrations in sp are normal. There has been a predicted and very healthy rebound from the floor at ~20c. All on fairly low volume. So the price rise could continue over the next week even before the meeting.
The meeting is really just part of the process of fulfilling precedent.
The vote will pass imo.
We could expect an announcement outlining the date of first drawdown in August.
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