Baker and Young research note, page-2

I reckon there is a very good chance we will see 75c in the short term, think about it that's the strike price of the placement warrants. These big instos that hold them will no doubt want to see the sp not only hit 75c but sail right past it. (there is big money to be made for those that hold them)

So I wouldnt be surprised if they will give the sp a little nudge, especially knowing that the big sellers have left the room and knowing that its in their best interest for the sp to be much higher than these levels.....