Ratio to Copper, page-5

1. Retail investors got burnt, they have no trust in the company.
2. Institutional investors were also burnt, but more so they are probably worried about the debt.

A lot of people know about TGS but choose to stay away from it, the only people left are us HC investors, management/directors and stakeholders such as suppliers banks etc.

Its just a matter of re-rating... Thats why i dont want to sell my shares (Expected)NPAT/MC is almost 50%..

Ive never seen anything like this before, either the guidence is a load of BS or MC needs to increase.