announcement out, page-33

Can anyone shed some light on their past previous experience with raisings like to the direction the s/p will take after it's completed?

Currently we have a market cap of around $52,400,000. This equity raising will double the shares on issue to around 570,000,000.

If the s/p stays the same at lets say between 20-22c cents we will have practically a doubling of the market cap to around $114,000,000 overnight. Is this right or normal in these circumstances?

I'm just trying to understand the potential drawbacks here if I get involved in this raising. We can currently get them cheaper than 22c and I'm trying hard to understand why this stock is not getting pumped in any way.

I just don't want to see this drop to say 11c once the raising is over and I'm further burdened with more worthless stock I can't even give away.

The current s/p is pathethic PJ, just saying!