Well price action the last couple of weeks has been good. There was clear selling (ie 'resistance') at 4.7 soon after the SPP ann, which continued for two weeks and then ceased. Probably those who wanted out at 4.7 after the SPP ann. Now there has been buying ('support') at 4.9 and above for the last week after the Azure ann. Sellers have not pushed price down to 4.7 since. Nice.
Perhaps the only immediate risk is the SPP not being fully subscribed? Anyone think this is a probable possibility?
Ann: Extension of Closing Dates for SPP and Placement Acceptance, page-14
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