KEY 0.00% 0.1¢ key petroleum limited

from quarterly, page-9

  1. 18,894 Posts.
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    Kalmsg, I think you went heavily into the options. What are your thoughts on progress?

    It should be fairly easy, given the right catalyst for the directors to get the stock back up to around 30c. But is does seem to be a high risk proposition at the moment; Mainly imo due to the lack of institutions in the top20.

    The best thing that could happen to KEY is is a fund/company takes a placement from KEY at 25c which will restore some confidence due to 'smart money'.

    At the moment we are all reliant on fellow retail shareholders to pull together on this.

    Given past propensity for this stock to be used as a pump and dump, there is a very good chance it will run again on good news, but as to how sustainable any run will be is up to the kind of people buying and their intentions.

    Without a clear path to cash flow and an estimable forward PE, any run is likely to be short lived.
 
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