tgn as unsavoury as it may be, we all knew a CR was on the table, it was just a matter of when.
Maybe if the previous BOM had of been more diligent in hounding down Campbell and Knowlton and getting some of our 80mill back for the Monument debacle then the strategy of a CR may not have been needed. One thing is for certain our current BOM seems to have wiped their collective hands of the whole affair.
Regarding the timing of the CR, well now is as good a time as any.
The recent market presentation, coupled with what looks as though will be a positive outcome from the U.K. government after Cuadrilla's appeals, it seems to me to be a logical time to raise capital.
Yes I agree with you it is the least preferred of our options as long term holders, dilution is never good, but far better than extinction.
AJL Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
