nmr to raise 4.8m shares at 4c, page-3

I know I sound like a broken record, but how would this be good? 4c was to be expected but they still can't manage to get anyone significant like an insto on board. We now have 500m plus shares. More shares to retail traders. Why raise it all now and not some later when they expect the shares to be significantly more post scoping study. Simply terrible result in my opinion but hey the management are good blokes and speak to the small guys.