oh i see what you're getting at crazdewd..dilution is minimal...

oh i see what you're getting at crazdewd..

dilution is minimal because us retail shareholders (and these are very simplistic and rough calcs with some major assumptions) currently have 80mil of 200mil shares (we already knew about the 120ml for artemis).

this is about 40%

retail shareholders get another 80mil, assuming we all take up our entitlement. sophisticated investors / instos get 40mil

so, our (the retail) holding becomes 160mil out of 320mil on issue... which is 50%. all in all the effect on you and me will be negligible. pretty decent deal for the mug punters

the big dilution comes from albers as he had 120mil of 200mil (60%), but post cap raising that is diluted to 120mil of 320mil (37.5%). this assumes of course that he isn't participating in the upcoming cap raising. even if he does, it doesn't really affect us anyway

it's a good deal for shareholders overall