Timing was really poorly done especially given the SPP discount. I agree that a post results pump and cash grab might have been a better move but perhaps they panicked seeing the market wobble in the past days and weeks.
SRG is sitting near enough to five year highs that it might be better off not penny pinching. For what it's worth the retail component is also a very small percentage of the raising, again depending on the SP performance and that very small discount it may be a good move.
My earliest parcel is 2x and I've done some bottom feeding on this at 0.2c so I'll likely be looking at buying into the cap raise and selling down an earlier parcel if I can get a sufficient discount and purchase enough, certainly not a recommendation but I haven't been taking enough profits lately.
SRG Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
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