I reckon there's still a few DTs holding parcels, waiting for a little spike to exit with a shred of dignity. If that spike doesn't eventuate in the ST, there'll capitulate for sure. Too many folks here for a quick buck. No real conviction.
Wouldn't be surprised to see the SP since back below 2c in the next couple of weeks, particularly if commodity prices continue to weaken and equity markets volatility increases. It obviously also goes without saying another batch of dud holes would be a big punch in the face to the SP too.
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