RE:Bought shares on over reactionUnfortunately, this has happened with mining stocks for the past few years. The company raises new equity at a discount and the market reaction is to drop the price below the equity raise price, creating a market price decline which is multi-x worse than the actual dilution impact.
Providers of money in new equity raises have gotten extremely aggressive in demanding significant discounts and, where they really kill the stock, is when they get a warrant package to boot.