In 2007 KEY PETROLEUM listed on the ASX with 68,266,672 Currently we have 454,509,417 fully paid shares listed.
Just consider for a minute just how much cash has been burnt by the management of this company from those capital raisings during that period?
It makes you wonder why on earth you would ever invest in junior explorers on the ASX???
The real question however is..."Just how many shares will be issued before we long suffering shareholders ever recoup our investments...IF AT ALL???"
Take it from me... if it doesn't happen for KEY in 2014 it never will!!!
dilution
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