KEY 0.00% 0.1¢ key petroleum limited

no rights sellers, page-13

  1. 17,111 Posts.
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    I don't have KEYR.

    These tradeable rights could have been a good opportunity to get some needed institutional presence on the register, but from the look of the SP so far I doubt anyone will be interested in buying and exercising them.

    Hopefully KEY have something up their sleeve for immiment release, but I have my doubts. Still seems to me that the board cannot attract investors with deep pockets which I find surprising given the purported 'pegidree'.

    Looks like it is heading all the way back to 11c. Always a worry when the only thing a board can do to keep a company running is to issue hugely discounted placements. Some noticeable dog in my portfolio behave this way, and I am starting to worry that KEY might be a pup.

    I will give it a few more months to give them a chance with the UK asset but if they cannot deliver a result that manifests itself in the share price then this is going on the trash heap.
 
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