One way to look at it is for 5-8% in dilution (depending if you want to count the partial 26m or full 35m of the raise) we are getting 25% more project.
I think the financiers would be pretty happy. Sucks a bit for shareholders to be diluted, but on the debt side the bankers don't care, they are more concerned with the economics of the project, the risk and the payback period.
If rabbits aren't pulled from hats, I suspect we'll get pushed down to around 13c as is the norm for CRs. Maybe a bit above or below, then it will pump up enough so the parties with the short term view can get their profits locked in. Might dip again, then ideally we can start moving up inline with the sector. We still have the shadow of a monster cr to deal with... And many a delayed milestone which the market doesn't like. Perhaps all will be forgiven if/when fid/financing/mining/ml eventuates. Or maybe the name of the insto will hold some real weight.
Borg buying on market for ffx was a solid move. Take note avz Board! Very clear and effective message.
Good luck one and all, whatever your strategy
Ps everything above is obviously just IMHO
