KEY 0.00% 0.1¢ key petroleum limited

the bat cave, page-23

  1. 17,111 Posts.
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    First I have heard of that? Must have missed something. I am sure KEY's management would have told us if they had a specific offshore prospect they were going to drill next year.

    >

    What do people make of the chunky 12c buying over the last two days given no demand at 11.5c in the preceding week? A decisive 9% move on no news.
    I know management wont tell shareholders what it's plans are, but it does make me think that someone is in the know.

    >

    I reckon a portion of those shares are going to get issued for cash prior to Jan or they are going to battle to get a drill contractor to sign up with barely enough to cover the drill. The non-exploration cash burn hasn't helped.
 
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