I don't think anyone's expecting a large take up of this offer. Those who can participate may kick themselves later on if they don't. Some say it's almost guaranteed to keep going down to 8.5c, but I'm not so sure.
Been plenty of support sub 10c, and interesting to see some 10.5c sellers now pulling orders off (as they are nearly out of time to have funds settle if planning to use them in the SPP). It could rise pretty quick once the raise is complete and there's further progress shown. A SP well above 50c is possible once production commences.
I'd like to see the Sep 4C released before Friday if possible, but may not see it until the due date on Monday. Plenty of risks still to navigate with this new plant, but the upside from here is huge, and it could be realised within 6-9 months, if the build stays on track.
CG1 Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
