KEY 0.00% 0.1¢ key petroleum limited

speeding ticket, page-3

  1. 259 Posts.

    Let it be known that although the stock has had an excellent run in the last few days, it won't stop simply due to the fact that the percentage rise reads '220%'. Remember the stock was valued at half cash at 6 cents, when shareholders were suffering a crisis of confidence and it appeared that KEY was the single worst possible stock to be in during a crashing market. They were going for 10mmboes oil, and people wrote off their chances - as did I. In the end, we were right. No oil - but pretty much out fo left field they'v come up with a gas discovery.

    At 22 cents per share - mkt cap is 19M.

    12M cash in bank, this means the discovery - as t4p often says - is valued at 7M. This stock still has further to run before it is properly valued.

    Forget it guys, there are no hidden ghosts or skeletons in the closet with this stock. People usually say that if it is too good to be true then it probably is, KEY is the exception. It was thrown out with the bad during recent falls, and only now people are coming around to the fact that it is quality.

    SS.
 
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