Gday Zav, apart from your first line I agree 100% with your...

Gday Zav, apart from your first line I agree 100% with your assessment of the situation. KEY Management have made it very clear that their main goal over the next 3-6 months is to become a producer and start collecting revenue from their gas find. Throw in some decent announcements around estimates of size and ongoing drilling approach and you have more than enough data available for the market to ensure KEY rebounds very quickly.

Whilst I fully respect mudguys thoughts and opinions, I do not agree with them in this case and feel he is taking a "sky is falling" approach based on the current market conditions. I agree that the market now has made the Options a riskier proposition but to say they are all but dead still 7 months before expiry is a little premature. This is only my opinion.

Cheers
R