is this a far better deal?

Seems to me that this may be a far better deal than what was originally offered for the AFHL deal, we would have seen the number of shares double under that offer, whereas with this deal the dilution may be possibly far less, it will be progressive though as the equity is drawn down, but metalstorm may not need the full amount? especially if some decent contracts are forthcoming , or even if they do take up more of the offer say after a contract, surely the SP would be higher one would think? and therefore the dilution less?

When the AFHL deal was announced the SP went to over 7 cents and settled around five cents , today it went to 3 cents and has hovered around 2.6 since for what I believe may be a superior offer with less dilution perhaps? go figure?