I'm afraid this is largely incorrect. You have noted 186.8m...

I'm afraid this is largely incorrect. You have noted 186.8m shares pre raising, when in fact there were around 135-136m shares on issue. But yes, today's shares on issue total around 339m.

Per my post above, or the other thread here, the dilution 'multiplier' that you need to apply is around 2.5x. For a $13 pre-raising share price, you're looking at a price around $5.20 today - certainly not double what it is now. In fact, a target price double today's price would be equivalent to a new all-time high based on the pre-raising structure. I'd challenge any of us holders to keep a straight face thinking that is a likely prospect in this near-term environment - maybe a few years down the track, but that's a different story.

Remember, the FULL raise was not done at 1:1 - for the retail holders it was, but the institutional shares were effectively born out of nowhere by double-dipping from retailers holdings.