How does 10 for 1 benefit IGS SH - it doesnt !I thought "CASH"...

How does 10 for 1 benefit IGS SH - it doesnt !

I thought "CASH" was KING and in the proposed merger IGS SH are giving there shares and significant cash. So should'nt the benefit of cash by IGS make it more feasible to be about 6 for 1 as a cash premium ?

Santa Fe will not go anywhere without the cash and it seems they cant raise it in the USA with very poor ann about Directors in a forum like hotcopper in US.

Now potential to raise $15m even more reason to provide a lower consolidation figure for IGS SH who ultimately are raising the CASH for Santa Fe as they cant !