KEY 0.00% 0.1¢ key petroleum limited

That wont happen, even if it is in our best financial...

  1. 17,111 Posts.
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    That wont happen, even if it is in our best financial interest.

    We will probably be lucky to sell TZ for enough to cover the last three years salary expenses for Ken and co, and I am sure they would prefer to keep being paid hundreds of thousands a year over the next few years to 'grow' this 'seedling'.

    Given results delivered to shareholders, it seems like it is merely a personal money tree!

    As I have said numerous times recently, the SP action indicates an apocalypse may be at hand for the retail shareholders in the form of a low priced dilution for a project. I cannot see any other reason the SP has been pushed down recently on low volume. And certainly they have not managed to bring out any significant sellers for accumulation.

    **If** I am right (god forbid!), it is going to happen soon, as the SP started to rise today and they will want to price it as weakly as possible, and therefore might go for (example) x% discount to 5 day average price (instead of 6 month price where all the volume has happened).

    The deafening silence given all the imminent news also makes me suspicious.

    But this is how many fortunes are made over in Perth:... find a company with some inherent value in it's assets but is cash stressed and management looking to do a placement so they don't look bad due to their application of cash, then push it down as far as you can for a big dilution to 'the sophs' who can dump for huge profits long before retail investors even break even.

    Lost count of how many times I have seen this played out, but it always starts with SP action like we have seen recently on KEY. And it is all legal.

    Part of the reason I am pointing this out is because, IMO, it will be an absolute outrage if management go this route.

 
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