article in today's afr, page-15

Well... this has made 'the game' interesting.
A 1.5 % dilution however our cash reserve gets a boost to offset this, and at 30c is not too bad. I'm very surprised that the sp has dropped, but as mentioned it will be profit takers.
This sends the message that we have financial backers i.e. other options, and more importantly, that we are not prepared to take a one sided deal.
I doubt that the follow-up subscription will occur, but you never know??
hold on guys!