is capital raising a bad thing?, page-17

Sydney for the record i don not think DMl will go into administration that's just scare monger tactics from CF.

I am just disspointed taht all shareholders will be diluted 60% in an absurd raising at the lowest price in 3 years.

As i have said before teh most logical path forward is to twoa two tranche issue.

1st tranche a $25m rights issue so current holders have the right to maintain their relative holdings (including CF. This can be completed under teh 15% capacity and will provide the near term funding

2nd tranche a $50m placement which sahreholders will need to vote on, this could take 3-4 weeks.

In this 3-4 weeks let CF do their DD, if their is a formal bid forethcoming then investors can vote whether they want a $50m issue at 25c or a potential take over. We are investors i the company so we shoudl have the right to vote.