KEY 0.00% 0.1¢ key petroleum limited

where to from here, page-21

  1. 886 Posts.
    "The directors aren't quite in the same boat as ordinary shareholders as you, I, kalmsg, dapper, etc don't get any directors fees, wages, etc from KEY."

    Surandy - fair call on the directors fees wages etc. However one subtle point of difference is that we can get in and out of the stock as regularly as we want. They can, but it would be detrimental to the company, and again the SP, so they are pretty much stuck here.

    I am happy them paying themselves directors fees etc, so long as they can show that they are doing the work for it. At the moment with things in Limbo it doesn't look like they are doing much. However we cannot know what they are doing, who they are negotiating with, new deals etc. Is there fees commercial? Who knows. We can only think them excessive, but if they are working hard for them behind the scenes, then pay away. We just need something back from it.

    At the moment everything isn't happy with them because of the share price. For any other company I think the deal they made for the Aussie asset would have been a great boost to the SP. The overhang to that is the shortage of cash-flow.

    Coming back to my original post then - so with the current share price from 30c to 5.7c last trade - they have lost 81%. One of my parcels is on par with that - so can probably whinge too. But that is my fault for not putting a stop loss in place. My other parcels are only around the 50% mark. Again my fault for not having a stop loss in place. But they have lost 'value' as well.

    Just a note to people - you don't 'lose money' on stocks till you actually sell them. You just have lost value. And again I'll ask the question - what has changed? Nothing as yet, but change is in the wind I feel.
 
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