KEY 0.00% 0.1¢ key petroleum limited

I am not unhappy with the new board so far. There is interest in...

  1. 17,111 Posts.
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    I am not unhappy with the new board so far. There is interest in the stock and a positive share price movement.

    Everyone saw how quickly this moved when volume came in. Not even 3m shares could have been purchased outright below 2.6c. Hence, possibly the rush to very low priced (30% disc?) cap raising for a select few when it rocketed straight up to 3.5c.

    I am just curious about the high volumes prior to issue (around 80m!) and hope the SI's who were set in at that low price are going to back this and bid the share price much higher instead of dumping for a quick buck. Long termers who are sitting on multi-year losses are only going to change their tune when they see sustainable rises in the share price, progress on all projects and the share price allowed to run prior to and after positive news without having to worry about another sudden 30% disc placement to dilute the companies potential in favour of others.

 
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