I think today's rally was all about the news that the directors had taken the pressure off the SP by selling their shares off market.
There is no doubt in my mind that our SP has been struggling whilst we have the option expiry hanging over our heads.
Given expiry occurs late this month there may still be some retail shareholders who need to sell some holdings to fund the conversion....however now the big holders(ie the exec team are done and dusted) any further selling will be moderate and will only provide liquidity for the pension funds to increase their holdings.
Onwards and upwards from here.....
GLTAH DYOR
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