Two points: 1) "The man at the coal face' seems to be Greenstone...

Two points:
1) "The man at the coal face' seems to be Greenstone capital so they've helped themselves.

2) The 7.7c is mostly likely a 'managed price' designed to favour getting the deal trough.

If your bank comes to you and says I'll fund your house purchase with a loan but I want 50% ownership paying 25% of the house price do you say thank you? In this case it's worse then that because the new chums are getting 70% + of the equity.

How often do investors get rung up unless they are trying to get you to eat a sh*t sandwich?
You can say "Yum" if you like.