So my maths says the following:
Current shares outstanding: 1,237M
Rights entitlement issue: 112M
Placement: 111M
So not counting the options which will dilute the company at some longer time in the future (56M in the rights and 27M in the placement), that represents a dilution of (112+111) / (1,237+112+111) = 15.2% so SP has held up very well as is tracking that as does my head in when SPs of raises fall back to the raise price when maths says it should be the dilution factor applied to the current SP that it should fall too. Yes, I know markets are not rationale. If the SP keeps this sort of level of up then will be a run on the rights by current shareholders.
So my maths says the following:Current shares outstanding:...
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