Back in June last year when the SP was 12c your sentiment was...

Back in June last year when the SP was 12c your sentiment was "hold" but you were rubbishing KK then

What you should have done right then & there was sell your holding because you didn't like the management.

Because you didn't, you are now losing even more, hence you absolute disdain for KK

All explorers have had a very hard time of late, despite the increase in the PoG which has only helped the producers so I think raising funds in this climate is very sensible, especially as the raise was at a premium to the SP (with the options thrown in, of course). There have been any number of explorers (in all metal types) who have raised in the last 12 months at considerable discounts to the prevailing SP. If you can have "good" raises & "bad" raises, this one ranks in the "good" category!

Be patient - perhaps the patient ones will be rewarded??