Following the late cash receipts after last financial year's...

Following the late cash receipts after last financial year's results, MAH had roughly $25M debt. I cannot imagine that this would have ballooned out too much over the past four months. At worst I figure this would be sitting at about $50M given the troubles with HD4. Compared to others MAH has quite a low debt to equity ratio so I cannot imagine this raising is a panic effort to reduce debt. Instead this is more likely related to the funding of CAPEX for their projects (read: strategy update). Yes its a little unexpected but if the money is being put into growth and not debt mitigation then I believe we can see this as a positive. Let's just hope that we get a fair go at some cheap shares and its not discounted too much. 26.5c already undermines the values in the stock by a significant amount!