I suspect it came in a few days late so they needed to do the TH to buy them time. Its an anticlimax but a good one.
I also suspect the new Chair, who after all is responsible for the funding, wanted to put his stamp on proceedings.
Anyways, well done to them. Let’s hope all the drama stops for future payments and that bigger investors start to take a cold hard look at this thing. Pangea’s position could easily be mopped up and indeed they may even wish to stop selling at these prices.
Long suffering shareholders deserve a pat on the back.
