Guys, I don't wish to be a killjoy here but a couple of...

Guys, I don't wish to be a killjoy here but a couple of things:

1) Based on how convoluted the cap raising process was and how hard they worked to get it away you can bet your dusters they would have had a USD hedge in place - so the addtnl $30m is a non event.
2) Where have you got the intel on increased earnings from - my feeling is that this will continue to be flat for the short to mid term and with all the dilution that has taken place it would mean nothing unless you have significantly increased your holding.

That said a couple of years I envisage people kicking themselves not jumping in at current prices with short and medium term debt risk now mitigated.