KEY 0.00% 0.1¢ key petroleum limited

consolidation, page-6

  1. 13,244 Posts.
    kalmsg agree about the buyers as I have been picking up more and am not paying more than 15 cents. Key might not be everyones cup of tea but if it was in Aus and had 20% of 2tcf gas discovery with it not fully explored and surrounding blocks we would see multiple dollar SP. But because its in Africa the JV will have to show it can be commercialized and money will have to flow. Being able to see beyond the aspect of this being in Africa allows holders to build up a fair stake at a reasonable price eg $150 grand in now should return in multiple of 7 to ten within 18 months to 2 years. But for me the product has to actually commercialized before key can reach what its EIV is looking like. While England if redrilled and succesfull will be a great cash cow and fund source I can't really see SP jumping a cent or two until the finacial reports start showing how much money is being put into the coffers. While it not nice to hear we will have to wait and a lot want the multiple jumps now. With Key we will have create wealth the old fashioned way with some substance not that its a bad thing though.
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.