KEY 0.00% 0.1¢ key petroleum limited

Yurana, KEY could make an announcement which would boost...

  1. 6,736 Posts.
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    Yurana, KEY could make an announcement which would boost interest. Whether they will or not depends what news is available to release. The most likely news would be regarding the conditions of the acquisition of MEOL.

    If the share price rose then the rights would also rise and would increase the likelihood of rights holders taking up their entitlement (or selling their entitlement to someone else who has the funds to be able to take up that entitlement).

    Not a lot of volume in the stock today and yesterday after that flood of trading when the rights issue was announced. Tomorrow will be interesting to see where the shares and rights trade at. I plan on fully taking up my entitlement, don't think I'll buy any more rights though as I don't have much spare funds.
 
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