With respect a deeply discounted rights issue sounds like you’ve been to the PB CEO school of cap raises and dilution.
Rather than give advice at the 11th hour as this company resets - sit back and watch how the story unfolds. Like I said lots to work through. Naturally there will be WIP over the next 6 months as the company resets all parameters - but the difference is that we will see governance, accountability, transparency and timelines set where possible - not the opaqueness that has crippled TNG and the market for years.
Project capex is key and working through that so we can then recalibrate project metrics and our 2018 DFS position.
It’s time to be glass half full here.
Ann: TNG Management Update, page-85
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