"I see shareholders will suffer very little dilution due to most...

"I see shareholders will suffer very little dilution due to most of the funds for the companies expansion will come from cash flow from Tormin," was your answer one month ago.

One month later, we have massive dilution and debt. But who was wrong or not is not important. The better questions are : is a dilution a good or a bad news for MRC shareholders? Is the dilution price good or not? Will MRC cash-flow be big enough to repay debt and pay developments ?

"raising funds at 7.5c is well below my expectation for company with so much potential." Your words. You are surprised, I'm not. But it's not important. This dilution is a very bad news for sure, but it's done. We'll see what happen now And for a value investor like me, cash-flow is the main indication to follow. Just my investment style and I can understand people who think differentlty.