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Oregone: "It takes a long time for the stock to recover and return to the price it was prior to the CR...."

Not necessarily. Traditionally that is the case but the slew of recent cap raisings suggest otherwise. VBA is a case in point (1:1 dilution there as well!); it hit a 12 month high today after the substantial cap raising just 1.5 months ago. Additionally, the precendent of other cap raisings in the 6 months (MQG onwards) suggests that the SP will NOT hit the cap raising SP.

It depends on what the cap raising is for and whether the sector is currently hot. As far as timing goes, gold as a sector is "hot" right now so the timing on that front is about right.

Obviously a cap raising is not necessarily in the interests of day-traders or short termers, but rest assured, if done for the right purpose and in the interests of the company (production, acquisition or otherwise) it will bounce back.

Time to sit back and wait for the next announcement!