Let’s be clear, that is not a report by Goldman Sachs. It’s probably written in someone’s basement. Agree we are in a much better position than FV but the hard work is convincing the market. That’s why a placement through a different broker would have been good, increases the exposure to other investors.
Would like to see some research from PAC partners and Pattos. I suspect PAC partners have dialled down their expectations post cap raising. There has been no market support from these two post cap raising either which is a sign demand for the cap raising was weak.
TMT Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held