Ann: Monger Gold IPO Update, page-2

wow, by the end of June? Another delay. Many have been cut back on this IPO as TNR shareholders.
Obviously spread is a big issue here and the percentages of investment.
Great news, the IPO has problems allocating, the priority offer to TNR shareholders at this stage is not holding up, for example 5k application was reduced to 2k accepted. A 30k application was reduced to 2k accepted.
Between my SMSF and personal investment, I have now 31k tied up until the end of June that I cannot access.
Is this just normal? I do not believe it is. 300 shareholders are required. MMG cannot get away with feeding their fat cats all the allocation. If every so called investor is only warranted $2k of shares, this IPO will be a flip on listing.
Appease me that this is any confidence towards MMG or TNR sentiment. It reflects hard on management again, not meeting timelines and so called, yes so called priority being given a minor allocation to support the wealthiest.

Shame.