A partnership seems to be a better venture than another CR. There is a staggering number of shares on issue as is, and a CR at an even lower price than current may be crippling in the long run. Management needs to seriously reassess spending and go back to a model of relying on culturing steady income streams for capital growth and expansion.
http://www.morningstar.com.au/learn/article/the-dangers-of-dilution/2663?q=printme
good bad or indifferent, page-17
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