"At least the board should have the brain to approach its...

"At least the board should have the brain to approach its shareholders to raise capital to develop this project can't be do hard just pick up the phone"

Gday Raw,

Last Nov at the AGM, the board got the ok from its shareholders to raise capital via a massive placement of 70m shares within three months (Nov - Feb).

Looking at that now, and the decision by the board not to go ahead with the placement, you would have to think this was for Tz.

I dont think it was coincidence that the offer from RAK to acquire KEY's Tz assets occurred around the same time (Jan - Mar). It is only history now that the sale did not go ahead despite an intial agreement of the sale price.

Cheers
R