Ann: Capital Raising Update , page-15

Kalmsg, judging on the announcements to date KEY had the cash to purchase the UK assets & fund their share of the seismic with change. The cash raising was to fast track the re-working of the UK assets to generate sufficient cashflows to support their future exploration expenses in Nyuni, West Songo Songo & Borsano. For this reason I felt the raising was worthwhile of my cash.


Then when others took them up it was all of a sudden unfair...

When it is all said and done the price today did not reflect badly...

The only thing I view as unfair was that I didn't have the cash to subscribe for more of the shortfall. I agree that the share price and market depth supports that the market doesn't view the raising and shortfall badly.