Latest cashflow indicates to me they WILL be going ahead with the ~70m share placement. How else are they going to fund the drill and admin costs? KEY must have seen this coming to put that in the GM vote 3 months back.
I am sure everybody else on these threads has reached the same conclusion. The unknown is the price and recipient. god help us if it is more sophs like the last.
Why oh why could they just not have relied on the 15% rule instead of leading us down this apparent path of value destruction?
Someone dumping big time today. Obviously fed up. Cant blame them.
KEY Price at posting:
9.0¢ Sentiment: None Disclosure: Held