I'm not at all surprised to see this starting it's upwards...

I'm not at all surprised to see this starting it's upwards trajectory, only thing that's kind of surprising is with just how much strength. On the 19th May it was trading at 15c and most breaks were getting sold into.

Today it's 23.5c and the sellers are thinner that they have been in months. I think we're at that point where sustained momentum has seen most of those looking to break even sell depart as well as having cleared any overhang from recent CR's. Most those still holding know that this should just be the start of a sustained rerate so have very little temptation to sell any time soon.