News: CLZ Classic Minerals Says To Undertake Entitlement Offer To Raise Up To A$2.0 Million, page-3

I’m still a little confused about the LDA shares being issued, but isn’t the average now even lower than the one they themselves predicted since they made the call on LDA?
Does this mean more shares need to be issued for the same dollar value?
Very confusing.
These guys seem to deliberately make the wrong decisions for the non benefit of shareholders.