KEY 0.00% 0.1¢ key petroleum limited

key finally gets there, page-35

  1. 6,736 Posts.
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    Philley, have you not watched KEY's performance over the last 18 months?

    The share price rose on the Canning Push due to the success that Buru was having however this was short lived and then with nothing happening in KEY's permits down the share price went. Then we basically traded sideways until Cyrene #1 was nearing completion.

    Do you really think we can rise and stay high purely on the back of another company's results without proving up anything in our own permits?

    We might get a bit higher than we are now but without our own positive results it won't be much higher.

    Why would someone need to bid up our price when they can just sit back and let us run out of cash? This will happen if we don't either prove up resources or have dilutionary raisings. I'm sure we all would prefer to avoid dilutionary raisings.
 
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