A couple of interesting points re' the cap' raising.
Debt reduction and benefits based on 100% acceptance.
To try to ensure the 100%, the offer is renouncable either in part or in full.
At a current market price of around 60c if you take up the offer, your average price will be around 51c.
Ok but at a price of 51c say, taking into account the dilution. If fully subscribed, the dilution from this offer, will be 80% so in terms of your holding in the value of the company and any future profits, that will be worth 51c/1.8 or around 29c per share.
OK you have more shares now that make up for the dilution.
But you've had to pay for the privilige of holding your position.
cap' raising
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