KEY 0.00% 0.1¢ key petroleum limited

Ann: Exploration permit status granted offshore I, page-26

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  1. 17,111 Posts.
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    re: Ann: Exploration permit status granted of... I think everyone should expect KEY to be short of cash for the even the Lidsey drill. This would be disappointing because the capital was raised specifically for both well drills.

    What remains to be seen is how KEY management go forward. Will they slam long suffering shareholders with another discounted placement merely to save face and complete the drill or will they exhibit some business acumen and produce an alternate solution?

    I see now that some have sold shares. There are also calls for discounted placements. I am not sure KEY management will have a shred of credibility left with LT shareholders if the latter case.
 
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