Thats quite a sizeable dilution then...
Guess its good in a way, they should be cashed up now:
15 mil in bank at 30 Sept 09
Plus placement of 8 mil
Plus SPP of 15 mil
Less cash burn of say 4 mil for quarter
Equals approx 34 mil in cash at 31 Dec 09
While i dont enjoy the dilution, this should give the share price some strength as it will have decreased funding risk.
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