capital raising, page-7

Well look at it this way. The capital raising is a 25% dilution. A completed farm out deal would have probably been more dilutive. So if the flow tests are positive then we're all in front & if they are positive before the closing date for the rights issue (5/5/14) then the share price will have moved beyond 4cents anyway & will make the rights issue look like a bargain. It all hinges on the flow tests coming up positive!!