"There is no justification for less. All future cap raises will...

"There is no justification for less. All future cap raises will likely be at 2.1 or more"

Thinking logically would be helpful. Why does he need to buy on market when there is so much more capital/placements required?

Who's going to price that? T
Who's going to write the resolutions? T.
Who's going to pass it? T-

Meanwhile, he creeps to 75% at deeper discounts post recon - BECAUSE THERE'S NO LIQUIDITY IN FOREIGN CONTROLLED STOCKS BECAUSE NO INSTITUTIONAL MONEY COMMITS TO STOCKS WITH THAT PROFILE. At 75% he'll likely bid at a nominal premium. At 90% you'll lose your stock for a pennies.

The fact you're now punting on price appreciation from T buying on market instead of being able to rely on the market chasing good value metrics from a fair stake in the project just makes you guys more ridiculous by the day. At least you acknowledge there's no other liquidity source in this if a YES vote eventuates. You are dead right.