Ann: Phoenix completes Placement, announces Share Purchase Plan, page-9

Yes the Dilution isn't Idea ...and est brings my T/O fair value from low 60's cps to round 55cps from the extra 6omillion shares ...but your've got to use money to make money in this game and these extra funds are directly going to give us a third income stream in turn lower CAPEX funds needed to see PXG a long life 100koz p.a Gold producing....(even though I think Zijin will own the bulk if not all of the company before then)