capital raising, page-38

I would expect at least an offer a lot more than 2.5c, maybe around 4.5c market cap around 80 million straight up. If they let it run we would be around 5-8c now, with a larger market cap, so why bother issuing shares at 2-3 c makes no sense to me. As I said before deals being done and this is why no cap raising was announced until now. They have to be sensible and protect against excessive dilution and another 500 million shares is bugger all imo. Personally they should SPP at 4.5c and then let a big investor come in with some serious funding. Just my thoughts.