Hi Lee,
If we look back into last 3 or 4 months carefully, all IO producers tried announcing positive news without much success in lifting their SP.
The sentiment has been driving the prices down fuelled by shorters and now Fed taking the stimulus prop away IMO.
On a positive side, IO production is becoming profitable with falling AUD. The tide will turn at least for short term but not sure when.
This is all my opinion only:).
DYOR.
io @ 120/t & aud @ 92.x, page-27
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