Telfer was widely thought to be near end of life and still is the opinion held widely by the market until GGP can prove there will be more years of mining ahead that is financially viable to conduct through the planned updates.’
This will be sorted (proved) before we list on the ASX - if not sooner.
They have likely told management that they’ll invest only at or around the price offered to placing participants. There’s no chance they’ll be “scrambling for shares” to avoid being “locked out”.