I wouldn't expect the price to stay above $0.85 until closer to when the SPP closes on Oct 4.
Eligible retailers with a right to buy at $0.85 wouldn't buy above that level unless they were concerned about being scaled back and logically would stand out for a couple of weeks to see how the price plays out, or buy below $0.85.
Any Institutions who participated in the placement to avoid getting diluted might off-load some at a quick proift at higher levels than $0.85.
Professional traders would have expected the price to come back to $0.85 and look to get set below that.
So expect to see the price range trade in the $0.70s somewhere to maybe $0.87 or so as the SPP works itself through the next three weeks.
Also risk of a fall in the gold price in that time whilst any rise might not get reflected in the share price for above reasons.
So no hurry to buy in, best to let this settle a for bit.
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