Before raising $14.4M MET had 137M shares and a share price of...

Before raising $14.4M MET had 137M shares and a share price of 0.76 so its market value was $104.12M.

After raising $14.4M by creating 20.57M shares (sold at $.7)its number of shares became 157.57M and its market value should have become $(104.12+14.4)M= 118.52M.

SO it share price should have dropped to 118.52/157.57 =$0.752.

The drop to less than 0.7 yesterday seems to be an overreaction. Especially since the spot price of gold has risen to USD1362 as I write.