Nut, you will likely get plenty of opportunity at the 40c price point. Buy on market when that occurs. I am favourable of not allowing retail to purchase, much more costly.
I do agree though, these cap raisings have been poorly executed. Small little top up raises persistently as the share price slowly decreases. Not a good look and not a good example of capital allocation/management done well.
There have been plenty of discussions about financing assistance and the like from MT but these persistent raisings are contrary to that. As is the appeal process which we were led to believe was sorted, only for more appeals to cause problems. It doesn't reflect well on MT at all.
TLG Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
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