Ann: Errawarra - Heavily Oversubscribed Placement Closed Early, page-18

Based on your maths of a 100% pump and then a 25% discount they have set a new floor 75% above the old SP. Maths was never my strong suit but I’m pretty sure thats a good thing for people already investing.
I would also like to point out that to further a project like you are saying they need to does require some sort of funds to pay for drilling, geos, wtc so I don’t see how they were going to do what you were asking without a cap raise.
Should they have done the cap raise before the released the ann’s with good news or should they not have done a CR at all and not had the funds to pay for drilling, etc?