mining shareholders pockets again

Like many small mining players, TTR seem hell bent on undermining shareholder value. By pricing the capital raising at 5 cents all it will do is take shares down to that price as it has almost done already. Had they priced at 6 cents they may have gained some respect, as it is the message they have sent out LOUD and CLEAR is that TTR is not worth the 6 to 7 cents per share the market has been prepared to pay in recent times. As TTR has cost me over $18,000 in lost value today alone, why should I even contemplate their share purchase plan. After all the last $5 million they raised September 09 has only produced a few (nudge, nudge, wink, wink) good sounding reports. As the last $5 million they raised and spent has been of little benefit to shareholder value. I have to question if this next lot of $'s raised will be any different. Lets face it, is money simply raised to keep management in a job? or get some definitive results for long suffering shareholders?