No-one has said it’s a catastrophe or disaster, that’s just you being dramatic (again).
Any normal person would consider (potential) ~20% shareholder dilution accompanied by a ~20-30% share price fall as a bad thing mate. It’s categorised as a risk for a reason. It’s worse when a raise is conducted to complete a task that was meant to be fully funded by the last cap raise. It negatively affects shareholder value for no material gain.
Arguing or trying to minimise it is a bit desperate. If you need a reminder of how difficult funds are to raise right now, or how destructive a cap raise can be, go have a look at LKE’s share price after their recent cap raise.
AGY Price at posting:
12.3¢ Sentiment: None Disclosure: Not Held
