KEY 0.00% 0.1¢ key petroleum limited

Not sure why there would be a speeding ticket - its quite...

  1. 877 Posts.
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    Not sure why there would be a speeding ticket - its quite obvious the rise was because of the potential of Key's Canning Basin assets given the sucess of Buru's exploration.

    One thing that is a positive for this company is that there are no options - listed or unlisted - to dilute existing shareholders - thats quite a bonus given the relatively small number of shares on issue.

    Now it is just a question of management of doing their job properly. That firstly means some good news to get the share price as high as possible followed up by a capital raising to all shareholders - not just management's associates at mates rates.

    The capital raising needs to be significant so that Key doesn't need to go back to the market in the next 12 months and/or before there has been significant exploration success which will propel the share price so that the next capital raising can then raise enough money for development. (Look at BRU - they could easily raise $100 million at $2.5 without diluting existing shareholders too much as the share price jumped on the discoveries).

    Mr Marshall you stuffed up EGO by selling down your options and then continually doing small cap raisings to unknown parties continually beating the share price down.
    It would be appreciated if you didn't dilute the shareholdings any more than necessary with Key and offer any capital raising's to all shareholders.




 
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