blumont deadline looms

Hey all,

Blumont have until the 26th to pay up for their share placement. If they come through, we're looking at another 102 million shares on the register. Does anybody care to speculate what impact this will have on our SP? IMO the market has already factored in a successful placement and is discounting the 22c placement by approximately 20% dilution which means we could drop to 17.5c quite easily. It doesn't look like anything will turn this SP around.