the underwriter Pinacle, would be happy imo to script swap on market, so the wide LVR available, while they flush them. At 5c plus 0.5c, they get their money back.
We saw oppies happily rise to 0.7, and would have kept going i reckon that was still cheap, but just have to be aware of the extra supply before this takes on real supply demand balance to more normal pricing.
