cap raising for sure but I wonder what sort of discount is required in this market?
Look at MZM announcement today. Couldn't raise $3m or close to it so gave away small parcel at 12 month low SP with free 1:4 oppie to keep paying the bills. I guess it will be a sweet deal for the lucky sophs but expect to see them straight back on market into any buying IMHO.
goodluck
