I was more interested in the statement that Ian checks the...

I was more interested in the statement that Ian checks the register daily, the hints that a couple of small insto's have appeared, that a couple more are currently doing DD but can't get the volume they want on-screen so he's looking at ways to accomodate them and tighten up the register.

Can't come soon enough. Buyers are starting to swarm around the gap at 6.2 - 6.4 like bees to the honey pot. The bid-ask spread is relatively tight, yet support at 7.5 is now resistance. Absent news, the decline since late Feb has an almost inexorable feel about it.

Strange, considering progress generally with TES, and specifically in the States, is unfailingly positive, including being asked to give firm pricing on 12 month, 24 month, 5 year basis, and in one case a 15 year proposal.

Suspect there's more going on here than meets the eye.