Rights issue was 15% discount to 15 day VWAP and 18% to last closing. A stab in the back to shareholders? It is very very rarely less than this (in specs at least). It was also a rights issue vs a SPP or placement, the absolute fairest way to raise money on the ASX and allows for all existing holders to participate (and not just instos or SIs) and not be diluted, and didn't include the usual crappy options designed to get these over the line whilst double screwing anyone that doesn't participate and diluting the stock to hell. We will still have less than 300m SOI post raise. Hardly alarming. And finally, your politically-motivated ranty drivel is countered by Finders own commentary where we are likely to get news on Whitsun shortly, whilst Boaz is also a decent chance of being a sooner rather than later beneficiary of Equinor's current activity in the area. Without debating pros/cons/differences, the new EPL tax matches the Norwegian version @78%. They do pretty well in oil and gas development last I heard.
This raise was professionally and fairly done for a prospect that gives us massive potential upside for peanuts. I'm all up for negative commentary but it has to be grounded in facts rather than fiction or emotional responses to the share price falling.
