Ann: Quarterly Report for quarter ended 31 March , page-14

re: Ann: Quarterly Report for quarter ended 3...
"A cash raising will be the next announcement we read about"

dapper4343,

You must be reading a different report to me, they are selling our interests in Tanzania. My guess for circa $8m. We already have 3.5m in the bank. Our drilling in the UK will not happen for another couple of months at the very earliest, by which time there is a HUGE probability the sale will have already gone through.

The only way I can see a placement in the near future is if there is an acquisition in the UK to complement our existing project.

Also, with the sale, it appears they have only been dealing with RAK who appear to be doing the dirty on KEY IMO. I am sure there will be plenty of interest from other parties given the value of our assets and the interest in the region.

Very interesting time for KEY holders, hang in there !!.

Cheers
R