KEY 0.00% 0.1¢ key petroleum limited

heading north very soon, page-4

  1. 2,814 Posts.
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    Sorry Starmanwin but i'm back on my old horse again after looking closely at the current status of KEY re buy/sell ratio and perusing company releases this morning, management need a good kick in the backside for not complying with ASX requirements, namely "full disclosure of market sensitive news".
    I quote their ASX release of 9th September; "ASSUME CONTROL OF MIDMAR WITHIN THE NEXT 10 DAYS", 20 days have now lapsed and not one word from Ken Russell whether this has been completed or an explanation what the problems are.
    I also find out via Hot Copper that results have been released re Suriname drilling which KEY have a free funded interest in yet Ken Russell dosn't bother to release these results either.
    I do not know what game they are playing at here, but when you have to revert to chat forums to keep abreast of market sensitive information because the company does not bother to keep their shareholders updated, then things are amiss!
    No wonder the buy/sell ratio is well in favour of the sell side, whilst the sp is lookin pretty sick considering the markets performance.
    There is no doubt the company has serious potential, but if management are as slow at moving projects ahead as they are at releasing updates we are in for a long wait for the sp to recover.
 
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