My bet would be institutional only. You only need to look at historical raisings to see how they usually raise. I also believe it will be done at a lower price, however no one knows and it could be done higher depending on how copper behaves and how they are going operationally. Even at a higher level the increase in number of shares will be high pushing them up to 3b SOI. But yes you can participate if they allow it to avoid dilution.
Can't wait to see what the recapitilisation involves.
TGS Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held