KEY 0.00% 0.1¢ key petroleum limited

key chances, page-2

  1. 80 Posts.
    Amer222333

    I think Key will "make it" and the assets that will "make it" is Tanzania , just have to convince management.

    The bit that concerns me is how much damage (through massive dilutions @ ridiculously low prices) we share holder will endure until the companies true asset is realized. To this day 6months since they announced their divestment intentions in Tanzania share holders have suffered, the market didn't like it. The only thing on the table at the moment that is close to a company maker is Tanzania. If we think a few wells around the world producing 80-500bopd is going to transform a company with a MC of $7mil to and O/G company of $100mil+ I think best to start investing elsewhere. Key without Tanzania will just be a vehicle for directors to travel around the world on executive salaries visiting non performing assets and share holders will be left picking up the bill!
 
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