Well you would think PC would be getting good at Capital raises, he has done one every month for the last 9 years.
Started out at Pacific Niugini with a $15 or $18 mill market cap at 5cents per share all the way up to now $447mill plus the recent raise at 8 cents per share.
That is 24 times the shares at $440 mill plus the recent hundred 29 times the shares at $540.
So if you purchased 1 share in 2015 you would now be diluted by 29 times today give or take.
Numbers are only of the top of my head.
Ann: Successful A$100M Equity Raising, page-6
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