Nothing like 3 months JL. A month at most from start to finish...

Nothing like 3 months JL. A month at most from start to finish if it had been an SPP, (with or without incorporating a Renounceable Rights Issue),
had they wanted to involve (bleed) current shareholders some more.

A straight out Raising with stock to interested (convinced) other parties in a matter of days, overnight sometimes when institutions are involved alone. Months ago, Very Vesey reckoned he was on to it......guess if true, he wasn't veeery good at it, too many doubters out there, OSMR didn't work, the climate wasn't right, we'd heard it all before, it was never really intended, or actually management were all skunks.

Possibly the latter-most as there is no one around nowadays but a stench remains (refer @andy bee

*However, in serious reply to your post now, there is an article in the Weekend Australian by Terry McCrann about Capital Raises, SPP's etc which may be of interest.
What I found just as interesting was readers' comments following - including several from an 'insider' called Chris.