Hi Beale et al,
My intel is that the SP is being held down by one large insto (via a BoA account). Their announcement on Nov 1 about selling is still in force. I'm guessing here but they are likely to have been about 55-60% of all trades since so that implies about 30-34m left to sell. You can clearly see the 'in-size' trades and sell orders in the queue...all hallmarks of a bailing insto.
Patience.
Cheers
Artimist AGM, page-21
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