I dont know where to start to explain to you that with what you have said in your last posting seems to indicate to me that you need a lot of educating if you want to become a serious investor /trader.This will be my last posting.
Have you ever been to investment seminars where successful people have told you their secret to success?or read a multitude and variety of investment books?Have you ever done a charting course?Do you have a charting software package?Do you glean information from all sources including company announcements?Do you know the management or how much money the company has in the bank?Have you ever done any simulated buys writing down the reasons that you bought them and reviewed the reasons as the sp price changed to see if you are successful or not?Etc,Etc
In relation to your last posting,hearing someone say the stock is going to $5 is no investment criteria or strategy,thats the easy way out press a button on heresay.There is no, repeat no gold plated guarentee no matter who says it.Take everything you hear with a healthy dose of scepticism.In relation to directors they are on a wage/options to improve shareholders funds and their performance has to be monitored and they are under corporate governance rules in the way of share trading.It is up to you to find out what these are and whether you feel comfortable with them. You should also check the administration costs to see that the money is not disappearing through high admin costs.
In relation to why Iam in Key
Key has a large acreage in the under explored Canning.It use to be the graveyard of the oil drillers when the oil price was inthe $30s even thought an active hydrocarbon systm was found but it was not commercial at that time.Since Buru successful finding of oil and gas the whole area has been upgraded.The oil is specially important as it is instant money and can transform a company as against just purely gas which requires more infrastructure and is a fraction of the worth of oilbut on the other side of the coin they are starting to discover massive amounts of it but it will take longer to develop.Gas is a long term proposition and you can feel the Chinese and Indians starting to circle as the Canning is upgraded.So there is a real possibility Key will get a joint venturer in at a very good price.
In relation to the current nicolay No1 well being drilled by NSE it is very close to the goldmyer formation and if you read NSE announcement of 12 Sept page 27 you will find what they are looking for in the goldwyer formation for it to be successful.It will have a material effect on the way Key is viewed by the market if it is successful.
In summary Key is in the right place at the right time,now that both oil and large amounts of gas are in play and that not speaking about the Perth basin,but my investment will be continually reviewed daily to see if Iam comfortable with it.
There is also the possibility of trading Key relatively risk free as the sp is at or below what the placement was and if you buy now at sometime in the future there will be 1or2 days trading where there will be over 70+ million shares traded at a sp substantially higher than it is now as the broker gets his sophisticated investors out and this is a strong possibility as although it seems like it is a lot of shares it would not surprise me if one of the big brokers did the placement with a very large client base.
KEY Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
(20min delay)
