I don't know where you got 4 th and 3 rd from, weren't Almoonqith and OurIvanhowe 18 th & 10 th in last years cup at least according to the results.
https://www.racenet.com.au/news/117127/2015-Melbourne-Cup-–-The-official-finishing-order-and-on-course-betting
Regardless though they are still in with a shot last year was essentially a blanket finish with only around 4 L separating the first 10. There was alot of interference and blocking any of those horses could of got up under different circumstances.
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