pretty clear they are going to need more capital soon. past...

pretty clear they are going to need more capital soon.

past equity raisings have been at an approx 15% discount to the prevailing price. given underperformance after previous issues this could be back to the mid teens.

can't keep raising equity into a falling share price. too much dilution. investors aren't going to keep forking out money only to be burnt time after time.