KEY 0.00% 0.1¢ key petroleum limited

There can only be to 2 options for the board.1.Find a buyer for...

  1. 80 Posts.
    There can only be to 2 options for the board.

    1.Find a buyer for Tanzania and use the money to fund the UK,Italy & Aust projects.

    2.A large share placement.

    My preference is definitely 2,at least the potential with Tanzania is huge compared to UK & Aust, and with Italy its just too far away to even consider ATM.

    My concerns are that if Key are successful, and pull off a sale , who's to says after 12 months they dont do a share placement any way?.

    Obviously the board can see (50% drop in s/p)since they announced their divestment in Tanzania and the delay in the UK,that the market is not happy.

    Why cant they release all the information relating to the Nyuni PSA (like Aminex)to our market, speed up the UK, and I reckon the s/p will work its way back to 12 cents.

    Then the inevitable C/R through a share placement will have a lesser impact to loyal long term share holder like myself
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
(20min delay)
Last
0.1¢
Change
0.000(0.00%)
Mkt cap ! $2.262M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
KEY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.