Hard to know what’l happen short term, its been a choppy sort of...

Hard to know what’l happen short term, its been a choppy sort of market. Can’t control brokering houses exiting, they don’t work on long term holds, its a rinse-repeat model for them till next raise but from us retail perspective, esp those that have low avgs/looking long term, I’d be highly surpr if we’re not 2-2.5x come yr end as it gets de risked with dfs & fid down the track.

for short term, hopefully upfs will set it back north towards that .9-$1 area. Looking at cnb mcap (yeah its copper i know), we’ll re rate too once the MM are ready for it to. Till then, patience is bliss (but hard indeed).