Share dilution has already been severely limited through the 2.50 cap raising. Imaging how many more shares would be out now if we had done smaller cap raisings through the last two years. That $100m at $2.50 was an incredible piece of forethought (and luck) and has carried us nicely through the GFC (it even made money on interest) and is the main reason why the prices is where it is today.
Even more amazing is the fact that when we had 100m in the bank, which equated then to about 85c cash per share, that SP at its low was around 60c.
Ohh the madness of crowds.
technicals brrrreakout, page-72
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