It's "bad" because imagine the same annoucement in 2-4 months but it's at 6cents and its buying 3 New plants and instead of some rich guys diluting you, you are given the option of putting up the cash. It's not rocket science.
Sorry, but using hypotheticals for an argument is absolutely invalid.
Ann: Significantly Oversubscribed Placement, at a Premium-NSL.AX, page-53
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