penny stock with good potential, page-16

Just a quick revisit of my cap raising scenarios from weeks ago. Turns out i was too bullish on the issue price and looks like there'll easily be a billion shares plus on issue, post-raise.
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Previously...
Currently 797M FPOs on issue

CR possibilities:
$4M @ 0.02 = 200M new shares, for 997M shares on issue
$4M @ 0.03 = 133M new shares, for 930M shares on issue
$4M @ 0.04 = 100M new shares, for 897M shares on issue

So, even with a more than doubling of the current sp, we're looking at 100M additional FPO issued, which would be 13% dilutionary to the registry.

More relaistically, let's say a CR comes at 2c (18% above current price). This would be 26% dilutionary to the registry.
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16/04/2013

Ok. Let's say $4M @ 0.012 = 333M new shares on issue and 1.13B shares in total and 42% dilutionary to current holders, not taking into account any dca'ing if a SPP is offered.
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With respect, I can't see how this is going to be the promised land Sandybeaches hoped for, unless they hit a major elephant. Still think a reasonable pre-spud MC, closer to drilling, would be around $20M, which is now only 1.8c @ 1.13B FPO. A 30M MC would be 2.7c. If you can grab some shares for 1c and sell at 2.7c that's still a nice gain in this market imho.

Good luck to all current and future holders. Will hopefully jumping on the train soon enough.