Chart, page-97

Good thoughts @boiledpeas

I suspect there's a larger than normal retread impact due to the relatively low SOI as well.

I believe in the fundamentals, there will be accretive announcements this quarter and into the next that grow the value. I think we will see hard runs and trace backs if that's the case. Company is incentivised to have their SP trading comfortably over 11c in order for options to get converted. That feels like a very long distance away at the moment but wasn't inconceivable back at 7c.

Question may then become whether or not these instos playing with the volume own any of these options too. If so, you could assume they're happy to lose some profits controlling price down here for the bigger sugar hit from selling / converting options in the teens.

The options entire would likely need great or highly suggestive visuals from the quicksilver cores. Visual gold in yuminary would do the trick too

I note that the announcements in the last two days still state there are two results due end of July, so hopefully we see catalysts to see this recent price floor disappear next week

Enjoy your weekends. August is coming