KEY 0.00% 0.1¢ key petroleum limited

Ann: Change of Address , page-12

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  1. 17,111 Posts.
    lightbulb Created with Sketch. 30
    Yet another tiny parcel dropped on the gap with no price discovery! A huge $100 worth for a 13% knockdown.

    Someone has definitely got it in for KEY shareholders. I am guessing a huge dilution for a couple of hundred million shares is being hatched by dubious types at around 2.5c - half the price of the capital raising that management did not take up their entitlements to.

    What happens here will really tell the tale about management:
    Either they can rebuild the company and shareprice while protecting value for shareholders, or they will slit our throats with a huge dilution.

    Funny that the selldown from 5c to 2.5c appears to have been almost solely due to a single shareholder that tried to vote them out, yet someone clearly happy with this new low price and determined to keep it there.

    Their actions here will really show what they are made of.
    Barely a peep from the company now on every project. Dont want that share price to rise, do we?

    I want them out if they try for another low ball dilution.
 
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