going down again., page-5

hybrid equity raising Hi guys,

it would appear GTP is launching a hybrid equity raising probably in the form of reset preferences in order to raise $55 million with the capacity to accept another $55 million in over subscriptions.

Apparently the money will be used to bolster GTP's landbank ahead of its surging sales prospects.

I understand that this form of raising is been undertaken because the MD doesn't want to use other methods of issue because he dosn't want to dilute his 27% holding.

Just goes to highlight the difference between GTP and TIM yet again who in this case are actively trying to offload land.