"Can someone explain why they have placed another 21 m shares...

"Can someone explain why they have placed another 21 m shares with sophisticated investors when they already have such a huge oversubscribe from existing holders ?"

Secondly, it doesn't inspire confidence regarding a sustained rise in the share price does it.... Grabbing the money while it's there I suppose.....

Surely if anyone in management believed the share price was heading towards that valuation of $0.13 pre or $0.065 post cap raising (if good news was looming), why not raise later with less dilution???

The way I see it, 20 million shares here, another 200 million there, before you know it, there'll once again be over a billion shares on issue.....