KEY 0.00% 0.1¢ key petroleum limited

Key is in the middle of the "hype"...The fever should "catch...

  1. 6,736 Posts.
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    Key is in the middle of the "hype"...The fever should "catch on"
    Technically,very little downside & big upside for an MC of $5m.
    Can't explain the "disrespect" the market is showing towards KEY...Could anyone shed some light?


    Forget technicals, need to look at the fundamentals.

    Stuff all cash to do anything with, minimal production that doesn't even cover the CEO's wage let alone the other administrative costs.

    KEY has promised so much over the last 5 years and so far all we have to show for the promises is a share price that has gone from 30c at listing to 2c at present with another dilutive capital raising to come sometime this year.

    Buru is free carrying for us a well in the Canning Basin, Cyrene #1 but due their successes with Ungani and Valhalla this has been pushed back to who knows when. Buru listed about 6 months after KEY yet they have gone from 30c to over $2, over 100 times better than KEY.

    KEY has been forced to give away 75% of their best asset to avoid substantial dilution just to stay afloat.

    We now have a Chairman, who based on the last quarterly statement doesn't even know much about our non-Canning Basin assets.

    Last week when I checked KEY's website apparently it seems we don't even have any interests in the Canning Basin, at least there was no mention of them except in the announcements section of the website.
 
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