Ann: Capital Raisings and Commencement of Drillin, page-6

re: Ann: Capital Raisings and Commencement of... Folks am I missing something here....

Looking at this from a basic level, they are diluting (or doubling) the shares. I would have thought because of this, that the sp should be closer to 2c if the purchase plan is at 1.8c and considering the attaching options and included drilling value?

I am not putting the company down as theor market cap is way too low given the property and potential, there are plenty of other companies out there with far less and a cap value of more than 10x ARX.

Just in my opinion but still a bit confused?