"The market reaction to the P&A is surprising, I thought for sure it would see a drop well below 4c."
Gday Surandy70,
Yeh, I get the feeling that this result was "expected" last week when the large buyers first started to appear around 4c. I am only guessing but the usual spike you get during drilling just did not happen this time in. Let's see how KEY trades for the 2nd well. I am expecting the sp to run much harder, and yes I do think we will see the same result as in Tz.
I am also very surprised that Ken did not take the opportunity to advise the market roughly when the 2nd well will spud.
Cheers R
KEY Price at posting:
4.1¢ Sentiment: LT Buy Disclosure: Held