great deal here. only a 'small' offering, will be...

great deal here. only a 'small' offering, will be 120mil shares if all options are fully exercised. with 1:1 options at 28.5c and a 2025 expiry, basically blowing the $1 piggy back options out of the water. very strange move imo given they were apparently fully funded. why not wait and get some trail results from 2023 out and see some sp appreciation first instead of offering shares at almost 12 month lows. i guess theres always a chance that over the next 12 months these arent lows but highs then it would all make sense. its all well and good to say these investors might help down the track but there is absolutely no guarantee of that. keen to see how this gets sugar coated