Collusion?

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"The offer is fully underwritten by Key Pacific Advisory Partners Pty Ltd (Key Pacific) and fully sub-underwritten by Aurelia’s largest shareholder, Pacific Road Capital Management Pty Ltd as trustee for the YTC Managed Investment Trust (Pacific Road). "

This stinks big time. I am close to seriously starting to wonder whether our management has been offered jobs with Pacific Road at a later stage. Currently they seem to go out of their way to make it possible for Pacific Road to take over this gem of a Company.

First step was last year, when out of the blue the diluted our shares at a very bad moment market wise, allowing PR to enter at bargain prices.
Second step was paying our general contractor not in cash but with stock, which in turn triggered a clause that allowed PR to get additional stock at below 25c despite us trading above 35c (and of course, the SP then tanked)
Now, despite Hera bringing in lots of cash and no progress with Nymagee or Hera drilling reported for months they suddenly go for a rights issue at a Price Level that is clearly less than 50% of AMIs true worth???

Why not wait until after the reserve upgrade and first numbers on production ?? Even if these numbers were way worse than what's expected by me, Mr Market should still send the SP higher with reliable numbers ...
Last time management raised capital for more drilling, the move backfired badly. Can't see why it should be different this time around ... So why do it again ???