underwritten drp

Hey guys,

So in the lead up to Onesteel's Interim result release, i've been trudging through some of their old announcements in relation to the WPG asset acquisition as well looking at the concept of underwritten DRP's.

What particularly interested me was this comment on the end of the asx announcement of their purchase of the WPG Assets:

"If due to business performance over the remainder of this year OneSteel decides additional equity funding is appropriate, it will consider underwriting of the next DRP"
Link here : http://www.onesteel.com/images/db_images/news/ASX%20release%20WPG.pdf

Considering business performance across their steel industries have been lacklustre do the high exchange rate, economic conditions etc, as well as the decrease in iron ore prices from their peak, would it be safe to say that onesteel
will be doing a mini capital raising from the proceeds of their underwritten DRP?

For those not familiar with the concept of an underwritten DRP, in theory it involves selling shares to a third party (institutions,Banks etc) to pay for the net dividend cash outflow to those shareholders not participating in the DRP.
If you don't understand what I'm talking about please refer to this link:

http://www.intelligentinvestor.com.au/articles/152/Understanding-underwritten-DRPs.cfm

In effect, if onesteel is indeed underwriting their DRP , this allows them to essentially pay a high-medium level dividend to shareholders without any money actually flowing out of the company, and allowing them to raise equity equivalent to the stated dividend paid out.

Thoughts ,Opinions?