I had the same thoughts as you on this, but reread the article a...

I had the same thoughts as you on this, but reread the article a while back it and decided it was truthful on the basis that SN also noted the decision had not gone to the Board. From a governance perspective, if a decision has not gone to the Board and been approved it is not part of the approved plan yet. SN shouldn't be going public with the proposed plan, they needed to go to the market with the approved plan.

If they didn't follow that governance, they could have gone public with the proposed unapproved plan to find out that the Board had a different option/direction/decision for the company in regards to funding. Natrurally, I am working on the assumption that the comms that the Board had not approved the CR was in itself truthful.

The governance from SN has been consistently good. I think they were a little hard done by and the share price got played by market professionals leading to us retail investors rightfully venting a bit - but at times not in the correct direction.