Brokers, Fund Manager and Re-rate, page-10

It's not about a comparison for a like for like company. It's how you mange your register and investor relationships. You can't argue even the s249D shows a complete disconnect and lack of perspective for register risk.

I'll say something positive - I commend TNG on their advancement of the project and the relationships they've forged with project stakeholders.

I can't commend them with regards to their corporate responsibilities with regards to being an ASX listed group.

Just for your benefit - TMT since PFS includes Deutsche, Merrills, Perhsing and Petersons.