What about the dilution factor? 77.33 million new shares...

What about the dilution factor? 77.33 million new shares issued.

Posted this in day traders thread which was the wrong place so have reposted here for your thoughts.

If i have this wrong pleas eadvise and i will get some TTY otherwise may be too late?

Shares on issue - 265,121,141 shares (excludes options and performance rights)

Issuing 77,330,000 new shares to Noble (42.23 million now and another 35.1 million in 6 months time)


New shares gives us a dilution of 29.16% (77,330,000 div 265,121,141 current shares)

The share price paid for the new shares is 45 cents divided by the dilution factor of 30% (i rounded up a bit) = a 31.5 cents per share which equals the current share price of 31.5 cents so is about right with no more room for profits?

Not sure if i am applying the correct math for this though?