your misinformed. there is no way SRM could have raised this...

your misinformed. there is no way SRM could have raised this sort of money and management team at 30c equivalent when the stock was 25c in that dog market. The stock then moved up 17c from that time to hit a 12 month high of 42c. THERE IS NO MORE DILUTION.
The stock has simply done a standard little pull back. The recent selling had something to do with those options being paid up and the price hitting a high. Most of the options are owned by the major shareholders anyway, so they will take the RTG paper because they really recommend the bid. Some people wont want the stock into the merger and thankfully they have sold out and lost their options. When this consolidates, and settles down a bit, this will move a great deal higher with these guys running the show. They are mine developers. That is soemthing a simple discounted placement cant get you. SRM is on the verge of moving into a higher development gear. This is the best deal they could have possibly done and I topped up once i read it. So far, those who sold thinking it was bad, have left serious money on the table. The market does not just value small placements and control. it values management, track records, access to cash, increased likely hood of the mine being devloped. I would rather 58% of a world class asset than 70% of nothing. These JV players and RTG stump up all the cash for SRM holders to keep a controlling stake in this project with a duel listing. I think the deal is probably a little too complex for most punters to get their head around, but the stock price has spoken.dyor.