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They will only affect you indirectly (and probably not at all in short term). Nothing to be worried about as it's a minor dilution (1 for 5). Given the rights issue is at a price higher than current SP, I'm not even sure if it's technically a dilution (as usually rights issued at discount)..?

MGX has around 800 million shares, with market capitalisation of A$193m (@24c/share). So 160m new shares are being issued, raising 96m. So imagine next year the company was estimated to make A$50m profit. That is equivalent of around 6.25c earnings per share with 800m shares. Now there will 960m shares on issue, so each share earns 5.2c instead, so each share is worth a little less. Of course this all assumes earnings aren't increased by the rights issue, which isn't always the case (and probably isn't in this case either).

Since the capital raising is @ 60c, in some respects you're getting the opposite of dilution. More shares are on issue, but the company has received proportionately more money. 800m shares into A$193m is 24c/share. 960m shares into A$289m is 30c/share. As I said before, I'm at a loss as to why the price remains well below 60c.