Gday asteroider,I think it is a 50/50 call at the moment, as...

Gday asteroider,

I think it is a 50/50 call at the moment, as what you say is the other obvious explanation. I have said previously that the sp will be above 3c before they do another placement, and the current run has been nicely timed with the BRU announcement to avoid speculation imo. What amazes me is no speeding ticket given large sp movement and definitely larger volumes traded.

Personally, I still think the reverse takeover will happen, but I think they will need to get our market cap to around 25 imo, and then do a 1:3 offer (just guessing cap and ratio’s). In this scenario, they would need to get KEY’s sp to around 10-12 cents which may take a few months imo.

How much funding do you think they will need under your scenario?

I thought Tz tie in was less than a million, we know UK is roughly 4m, I have no idea how much they would want for Canning.

With regards to Tz, I asked the company many many months ago and was told to wait for news, yep still waiting, lol.

Cheers
R