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08:01
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Originally posted by Taureanbull:
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Jov88, Another good post. However the common myth here is that the dilution is 20%. If we break down the numbers I get a Dilution of 6.5%. At present there are roughly 6.4bn shares on issue. The Instos and Directors get $35m worth of share at .084 cents. That’s 6.5%. The SPP give most shareholders especially small shareholders the opportunity to buy $30,000 at ~.o84. So roughly another 6.5%. Is that DILUTION or is it topping up capital as a business owner/ part business owner to buy in new assets ? I would definitely say this is increasing a shareholders investment in an increasingly bigger and better company.
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thanks for the good post and i am a great supporter of the company - my only doubt on the CR - why couldnt they use some cash balance and raise later in a few months when the news is out there - the only reason i can think is they are unable to allocate any of the cash that is pre committed to their existing work programme - but it is nagging me.
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