Just a couple of points, imo. Better an...

Just a couple of points, imo.
Better an institutional/sophisticated cap raising in some ways. They don't have to put out a prospective and the costs associated with retail shareholder permission and advice for one thing.
It'll be all over in weeks, rather drawn out over months.
Anyone who reads the financial reports could see that the funds we had left could not possibly equate to the costs we are looking to outlay for the next set of well stimulations. The money has to come from somewhere. It was hoped that we'd have better initial results from Horseshoe and Warroon, thereby funding our next program, but these wells still need some re-work, and our timetable is tight. We need money now. I can put up, maybe a little begrudgingly, further dilution, if it means greater flows, because more flows is our key.
Regarding the Macarthur, my views, albeit based on close-enough rounding up:
They are seeking $65M. If the IPO is for 0.50 then that's 130,000,000 shares.
Armour retain 33% = 43,000,000 shares.
We currently have 1.2 billion shares out there.
So, I work out roughly 1 MOG for each 28 AJQ shares held.
100,000 Armour = 3571 MOG.
Can anyone pick holes in this?