Periodic share dilution is not always a sign of problems and is in fact the healthy way to fund growth/expansion. Your sp/dilution factor at a CR is lower earlier on your journey so it's prudent to do it in stages as the next milestone become reachable.
Or better way to think about it, can you name one Large/Mid cap mining, materials or tech company on the ASX that hasn't ended up diluting their shares as part of their growth jounrey to have total float+outstanding to over 1b?
Magnis is still well under 1B and they're already on the final steps towards production and revenue-generating in the US in a big way. Most specs don't make it that close before they cross 10-digit share count.
Not financial advicem DYOR. Just a counterpoint to share dilution = bad.
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