I think it's a matter of no more blue sky.
Before the offer there were all sorts of possibilities now you know the ceiling is 72 cents and you will have to wait for that.
Who will pay you more than 72 cents now? No-one, so you have a ceiling.
A lot of these traders are saying they would rather take 70 cents or 68 cents now rather than 72 cents sometime later. This is because today's market is red and there are some bargains around the place.
I think nothing is certain, I think we may have a surprise coming up, then again maybe not.
I have made good money on this, I am also tempted to take my money off the table and go elsewhere.
SXP
sapex limited
