Unfortunately this sort of clause is appearing in more and more AGM releases and as you say gives the BOD the right to dilute your investment in the future , when it suits , without any SH input and without any SH participation in the CR.
Everyone who invests in the spec market understands that the companies burn money and the only way to raise is through CR , but the BOD have a duty , imo , to raise money via a CR with the best interest of existing SHs in mind.
Read the AGM documents carefully and vote as you see fit , remember as a SH you are a part owner of the company.
Good luck.
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