Okay - I'm not sure why everyone is worried about the options...

Okay - I'm not sure why everyone is worried about the options (aside from the further dillution). I think they are actually a good idea.

Lets look at the figures: Options only for those taking up a minimum of 4m shares. So lets say all of the 19.5m shares are taken up by those getting more than 4m each (minimum 4 takers obviously). If they do - we are talking about 9.75m options at 7.5c which if converted would equate to - $731,250. So more cash-flow, for a little further dillution.

That said concerning the capital raising, I'm still extremely annoyed as a holder about the dillution, and feel unless KEY can actually utilise the money and start generating some income/exploration success - we will be down at this level for the next year! Or until the next cap raising!

That said I would be interested in who is going to takeup the shares, as that might reflect them having some information that we are not aware of. Especially if they don't sell.