In the final analysis survival is more important than slightly greater dilution.  Do the math.  If the stock issue were done at 36c instead of 18c, the number of shares issued would be 7 million fewer on a base of 80 million.  It's not insignificant, but hey, wouldn't you like to know that Canamex has enough in the kitty to see this thing through?  And what about Aranka in Guyana?  Seems to me the glass is half full.