My personal thoughts are that the news today was better than I...

My personal thoughts are that the news today was better than I expected. We all knew that a cap raising was required this year and it would result in dilution. However, at least it's not shares through an offer to holders as this would more likely impact in a reduction in sp value.

Given the interest from "external" investment then I think this is also a good positive. It now means ARX can carry out a bit more drilling (albeit not a great amount) and hopefully further support and even more hopefully increase their sp before they do noeed to go to exisiting holders to raise more money. That is of course if they don't get other "external" support again!

Hopefully all good from here, I haven't seen such a strong buy side for a while, just hope that the ANZ don't show their face!