KEY 0.00% 0.1¢ key petroleum limited

key and my dream,, page-24

  1. 1,089 Posts.

    Gday Dapper.

    Thanks, I think it needed to be said.

    I am pretty sure there is not one long term shareholder out there who would be happy with prior management.

    What really did it for me was the last placement in December 2010 when they tried to raise money again for UK, and recommended to all shareholders to participate.

    Then, at the same time they were meeting with Zeta to execute a deal that would dilute us by almost 80%.

    It is no wonder management did not support the placement themselves, I think JS paid $1400 for his entitlement as a token gesture.

    Then to top it all off, DW came out and told shareholders if we didn’t accept the Zeta deal our future would be uncertain…….or words to that effect.

    And again why making this statement, they must have been working on the EGO deal.

    So, I fully understand where Amer is coming from.

    Anyway, the turnaround in KEY has been remarkable, and I really hope us long term holders get our wealth returned to us with interest. I am also happy to wait and see if the Canning Push and new management team can deliver the goods.

    The next 6 months will be very exciting for all holders imo. The fact that CM has invested his own money at 4c is a clear indication to shareholders imo of the future direction of our company.

    Not expecting too much action in May, but come June and July I think we will see fireworks when the drilling in the region starts.

    Cheers
    R
 
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