3.75 quarters of cash left at 30th June'23. Suggests a CR in Oct'23/November'23? The last CR which included a SPP for retail investors at 15% discount was in October 2022.
MT would be hoping for no Supreme Court appeal that may hold the SP back short term.
If the SP is around $1.6 at the time of the CR presuming a 15% discount a raise price will be around $1.36. Although the more hurdles cleared the lower the discount.
Bit of resistance around $1.50, a pronounced bullish potential divergence on longer term daily McH - where will the SP go?
TLG - Media, page-13292
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