agree with all comments here, one of the most poorly timed and priced raises i have ever seen.
management cocked up with this one. considering the last raising was at 4.7c not that long ago, zero thought gone to those investors.
this raising will have a huge shortfall due to so many shareholders that participated at 4.7c telling management to get stuffed, perhaps thats what they wanted so Patersons can get all the shortfall shares.
all in all, poor effort.
will just buy at 2.5c, already 3 pips lower than the raising price, dont give a toss about options, in affect get 1 option to every 33 shares currently held.
