I don’t know, but we can see they need money so they are raising. One follows the other, no surprises there.
The ‘why didn’t we raise when the price was higher’ question could have been used on nearly every co on the asx. It’s the old hindsight situation. Yes in hindsight it looks like they should have raised then as you say. But the question is whether management should have foreseen this current situation in their future and if the answer is yes, then you are correct in saying it’s bad management.
WGL Price at posting:
0.6¢ Sentiment: None Disclosure: Held
