the good and bad news, page-11

If I had to bet I would say KEY will release something positive to the market to boost rights uptake. The difference between these rights and the options is that (1) KEYO were tradeable long before the KN1 discovery (whereas these KEYR have been deliberately issued as part of a more definitve plan) and (2) management were hampered by factors largely outside of their control in releasing further good news regarding the commercialisation of KN1 whereas here the success of KEYR uptake will be largely dependant on how they handle/time the issue.

Could be wrong, hope I am not.