Not unusual to see a large cross trade like this to clear an overhang and be the basis for a run. Too early to tell but it certainly seems to be driving some interest. I guess we'll now potentially start to see those who might have sat on the sidelines start to get a bit more confidence to make jump in.
Having said that - the way FLC has traded over the last 12 months or so would still cause many to be tentative Im sure.
FLC Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
