KEY 0.00% 0.1¢ key petroleum limited

quiet, page-12

  1. 887 Posts.
    Could be wondering the same thing.

    Small volume pushing it down though, but the support lines have shifted down to 25-27c now which is intersting in its own right.

    Could be one of three things I reckon:
    1. Bad day in the market, people running scared
    2. News has leaked out, and the Billions of cubic feet aren't enough (or maybe something wrong with well).
    3. Sell-off as part of this ANZ shareholding debacle - as mentioned in an article I read, that a stockbroking firm holds alot of illiquid small/medium caps that they have been lent or whatever.

    Either way - announcement should still hopefully be good. Just a bad day!
 
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