the devels in the detail, page-2

Whatsup, you should read the announcment again.

There will not be 15m new shares issued, rather $45m worth of shares issued ($15m worth to Bluecrest and $30m in the equity raising) which at a nominal price of 0.50$ would add ~ 90m shares to the register.

This equates to a dilutionary effect of circa 75% notwithstanding the $20m in debt. If you convert that in with the rest at a nominal price of $0.50, you would ne looking at close to 100% dilution.

This does not factor in further raisings down the track so quite a bit of diultion for existing SH to swallow. Great ground position though