KEY 0.00% 0.1¢ key petroleum limited

Ann: Quarterly Cashflow Report , page-12

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  1. 6,682 Posts.
    Sentiment is a funny thing, it can change very quickly.

    Personally I feel that we are watching a few people who are impatient, need to pay bills, or taking a comfortable profit (or what ever else). We are not seeing any volume of note (certainly not huge). This will grind to a halt over the days ahead imho.

    We need to wait and see what the potential raising is about.. indeed there is nothing to say it well ever happen.

    However there are some things that could turn life very quickly...
    - If we were to get news on the approvals to expand Songo Songo facilities sentiment would change extremely quickly.
    - Agreements with Tz customers would have a positive impact.
    - Italian approvals would have a positive impact.
    - JV on Italian projects would have a positive impact.
    - Confirmation of drilling in UK would have a positive impact..

    KEY is a tight stock when it wants to be, we should not confuse the number of shares with the real value.. 500k shares is not a lot of money (or shares).

    The market is not the best measure of what is going on imho.

    This is not ramping or carry on; I too am concerned with returns to holders but have a philosophy of value rather than charting (anyone that has seen my posts over the last 4 or 5 years would see this) as such I dont see short term fluctuations as an issue. The price will do what ever it will do short term, but fundamentally the company is doing pretty much everything right, just being held up by politics and a few loose shares.
 
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