"What does that have to do with anything
"BRU had a mkt cap of ~$27m at one point, ~$50m before Mitsubishi farmed in... NSE had a cap of ~$12m at one point... it was only ~$34m before Conoco farmed in..
bhutos,
Everything!...........and when did those farm in’s occur.
KEY are a sitting duck right now with a market cap of only $12m, but acreage and permits worth much much more. Why would anyone do a jv with KEY now when they can simply buy the company.
Acreage is so hot at the moment, an international player could swallow KEY in one swoop. If I was KM, I would be more worried about this scenario happening, than actually finding a good partner, which is a given imo.
Cheers
R
key turning in a big way, page-13
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