Ann: Entitlement Issue closes raising $8.8M, page-84

Maxter I totally agree. I mentioned that today with some fellow TNG holders and said I’m totally confused. A rationale response was some are selling heads to buy options to increase their exposure hence rise in the option price. Notwithstanding with the strong take up in the SPP and how close we are to FEED finalisation, finance and then FID - surely the SP deserves more respect.

I think having PB sell heads to arguably fund TNG entitlements held in other vehicles is a disgrace and poor signal to the market. So unnecessary when I found the funds to take up my full SPP entitlements bc I believe in the project and PB. Suggest a question for the AGM.