KEY 0.00% 0.1¢ key petroleum limited

Well, didn't Ken leave BUY to build KEY?BUY has a market cap of...

  1. 17,111 Posts.
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    Well, didn't Ken leave BUY to build KEY?

    BUY has a market cap of 33 million and 6 million in cash.

    KEY has a market cap of 6.5 million and 4 million in cash.


    Not sure I want to get BUY scrip considering it is probably mostly hot air value and KEY has been conversely crash dived into the ground. So I dont think it would be WIN-WIN considering the respective market caps and the potential for increased oil revenue from the UK, possible gas revenue from TZ over the next 18 months and the possibility of a large gas disc in TZ.

    I would prefer a value building option, but these guys have proven unable to do that.....so far..

    But yes, I am sure many people are working behind the scenes to figure ways of continuing to asset-strip KEY for personal gain.
    Potential beneficiaries from the sorry state KEY is in that are able to pick over the bones are:
    Aminex
    RAK Gas
    Tullow
    ENI
    Italian Socialists
    Requisitioning shareholders closely connected to new directors that might be elected to do their bidding.

    And on the other side, if nothing changes, directors and consultants will continue to pull huge amounts of cash out while not supporting SPP's.



 
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