KEY 0.00% 0.1¢ key petroleum limited

some points, page-22

  1. 157 Posts.
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    Mum,

    I can't speak for T4P, but I share his enthusiasm for KEY.

    At a SP of 35c KEY has a market cap of only $30m or $22m net of cash on hand. At 40c it's still less than $30m net (both diluted or undiluted).

    With even conservative revenue estimates from the ~8mmcfd flowing to KEY, let alone the now increased value of the prospects in the region, KEY seems hugely undervalued.

    KEY are no longer a pure explorer - they are now a producer ! At a market cap of $22m given the discovery and their prospects this seems incredible. Sure it may be some time before revenue flows from the gas, but it's no longer a question of if, rather when.

    If you're planning to hold for the longer term then a couple of cents here or there aren't worth worrying about. That said, of course it's always nicer to buy lower...personally I've been trying to pick more up at 33c. I hadn't planned to get more but it's hard to resist on days like today.

    This isn't meant to be a ramp - I prefer to call it enthusiasm !
 
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