KEY 0.00% 0.1¢ key petroleum limited

We are all in the dark, but apparently working on an acquisition...

  1. 17,111 Posts.
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    We are all in the dark, but apparently working on an acquisition that might add 'a couple of thousand barrels of oil per day' to production.

    Sounds more like a reverse list to me because any 'acquisition' like that is likely to have a share issue attached that will eclipse the current register.

    Worries me that someone has been pushing the price down, and I hope it is only for accumulation.

    If management have any gumption, then any deal will be priced a fair way above current KEY SP due to existing projects and soon to be granted.

    http://www.smh.com.au/business/election-jitters-behind-rebate-miners-dont-need-20100502-u1fb.html


 
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