bright future, page-23

Hi Miningnut I agree with you. The issue is not whether as a company NZO would like the money (which company wouldn't?) but whether or not it's in (fp) shareholders interests. NZO price will rise in my view over 1.50 with or without dilution, and will be worth more without dilution, I think at least some understand that.
Some basic maths would show that this would only dilute profit per share and those who don't see it should do some basic number crunching on profit per share with and without dilution. I don't own the oppies, and my issue isn't whether or not I wish the oppie holders well but whether dilution is a good thing - and it isn't.

If dilution is a good thing it's a pity NZO don't have a few billion more oppies lazying around. But net profit per share? Well don't worry about that, hey.