Assuming they believe the merger will happen, would they would be proposing it in order to do a sneaky raise before any merge?
Is it better for the merged entity to raise as much as possible before merging rather than after for some reason?
Is it just a backup in case the merger doesn’t go ahead knowing that it will likely be a year with a lot of capital required for plant etc. as things progress?
(Sorry for the million questions. Just spitballing)
TMT Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
