I have heard that a month ago TLG were getting cap raise offers...

I have heard that a month ago TLG were getting cap raise offers from multiple sources above market price. So offers above 40cents.
We get cap raise at low 30's as the general market capitulates with lack of liquidity and sell downs.
No one has a perfect crystal ball, but the technical market savvy side of the company has done exemplary work. The finance side could do with a bit more market savvy study.
When people throw well priced money at you, TAKE IT, because you never know what is around the corner. In this market it is more likely to be bearish around the corner if the sun is shining at the time.