A cap raise would usually be at a discount to prevailing market...

A cap raise would usually be at a discount to prevailing market price. so wouldn't be 30c. In my 30 years of investing I have seen the price of stocks rocket for no apparent reason and then placed in a trading halt for a cap raise that is at a higher price (which means less dilution) than what it would have been before the rise in the share price. For example a 10% discount to the current 25c would raise funds at 22.5c wile a 10% discount to 20c would raise funds at 18c
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As I said I am just being cynical and just because the stock is up 22% does not mean I expect a cap raise.