chart, page-103

Hi Malay, I think that the technicals are lining up via a few techniques, so all good. I also think that there is a "rerating" event coming soon which I expect this quarter. It looks like the market is lining up in anticipation. I remember MAD had a similar pattern.

The drill results have been excellent and as they build, the "risked" part of the val will start to diminish. The wash from the 12 placement (major blunder that stifled retail demand) will if not already have washed out. Perhaps the underwriter getting some of their cash back.

I will be surprised if we do not shift to the next trading channel at the end of this month. Very surprised.