"Just hope this dilution doesn't happen at the bottom of the...

"Just hope this dilution doesn't happen at the bottom of the spare price cycle! 70m shares at 10c is only $7m."

Tradersam.

This is one of the reasons I will be voting NO at the upcoming AGM to this proposal. My experiences to date with KEY is that they want to grow the company at all costs, even it is at the expense of shareholders who will be diluted considerably when they go ahead with this placement.

For the record I have held, and will be holding KEY long term, however shareholder wealth starts now by KEY management avoiding unnecessary placements IMO.

Obviously, It would be a different story if I knew where those funds were going………