KEY 0.00% 0.1¢ key petroleum limited

keyr - looks like 21/7 is the date. , page-20

  1. 17,111 Posts.
    lightbulb Created with Sketch. 30
    I was surprised to receive an entitlement for KEYR today.
    Why have they sent out entitlement forms when KEYR trading is still ongoing?

    I went and bought more KEYR on market which is obviously not shown on the form, but to my surprise I see that I didn't have to do this.

    I could have just subscribed for the -> shortfall <-, and by the look of it it is going to be huge. I feel like a fool for buying KEYR when I could have applied for the shortfall.

    I really dont understand the reason for this rights issue at all then. Why not just have a SPP and a similar shortfall application. What is it all for?

    No institutional buyers. No significant news to bring new shareholders on. Why??

 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.