Ann: $20M Rights Issue Announcement, Offer Docume, page-4

re: Ann: $20M Rights Issue Announcement, Offe... from a shareholders pov we're entitled to this rights issue too. Sure if you don't take it out your diluted, but technically otherwise our proportionate holdings can increase and therefore we may have more shares on issue but the overall product we will still be entitled to the same proportion of profits (rewards).

At least that's the way i look at it. Still equity raising to build it is probably not what id' want - debt would've been better. Did anyone else have any idea what the proposed construction financing was meant to be previously? i.e. was it always planned to be funded via equity?

Do you guys intend to take it up? 58m market cap per my delayed broker, so 2 for 5 indicates a rough 23.2 million market cap increase. Just a rough guide using market cap rather than no of shares since i haven't bothered to locate it haha.