I don’t think SM would or could hide cores from Mk1 but I see the broader problem as lack of concrete information.
Today’s announcement was completely ridiculous.
I personally don’t think the market is valuing Ivz on anything other than credit raising addiction.
There are a few here who are clearly keen for the rights issue to fail.
This rights issue has been a catastrophic failure to understand the market.
The prospectus could have been done before Christmas and timed with the placement instead shareholders have been throw to the wolves yet again.
2C booked is needed along with a great flow test.
I don’t think any out east prospective number will change Ivz fortunes until we can put behind us funding to some extent.
The MC is a real problem for getting a good deal atm.
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