On HotCopper today there was a drop down inviting us to participate in a new float of "Yeeda Oil" at $0.20 per share.
Their prospectus claims two leases in the Canning Basin hot spot but they only would hold a percentage of those two leases which is a million miles less than what KEY now hold in that area.
So, why would we invest in that company for $0.20 a share when you can buy into KEY at $0.034 a share and have tens times the acreage???
This Canning Basin holding that KEY hold hopefully is the saviour for us long term holders of KEY???
strategic direction , page-22
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