absolutely kills your ROI, that was what I meant in regards to...

absolutely kills your ROI, that was what I meant in regards to the dilution.

At $0.19, for every $10,000 of shares you have you need to fork out $4,100 for additional shares to avoid value loss on the $10,000.

I, as I'm sure others are or already have, am thinking about selling my entire holding tomorrow and then buying back in ex-rights - as I don't wish to fork out to avoid dilution.

I wonder if the capital raising could have been staged so as to occur after more certainty has been added to the project, so that the equity could have been raised at a higher price thereby minimising dilution.