I prefer to leave existing holders out and just go insto. Much smoother. Looks like by AFR numbers it would be about 35M shares, currently about 235M on issue. I'm trying to get some perspective on this. If for arguments sake if a share is now valued at about 26.5c it seems to me it would be valued at 26c after the raise if you account for the increase in cash of $8M (235M x 0.265 + $8M cash input) / 270M shares. By same calc 30c becomes 29c. Is that right or am I missing something?
AR9 Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
