Australia's largest stock trading and investment forum Australia's #1 stock forum

KEY

Click for more information

0.00%

0.1¢ key petroleum limited

I agree and it now clear that the board have decided that Geoff...

First 22 Last

Share
Profile

Follow
pshere

269 Posts.

19

31/08/20

09:22

Post #: 46940525
Share

Originally posted by Roznov: ↑

Hi Sasha39,

Dont disagree that the MD was not the right person to take the company forward. The last cap raising exercise to the retail market at 0.0071 and the lack of take up for me was a clear sign that he had not connected to the retail market. IMO, I have a feeling the pressure was on him following this.

With regards to your other views, fully respect them but cannot agree. IMO, i think the MD did extremely well over his first 6 years to turn the company around from almost falling over if you remember, with some astute acquisitions, sustainable foreign investment and slowly build an oil services business, which now I hear will bring in ~$2.5m in revenue annually.

However, as you know this alone does not provide shareholder wealth, you need to be actively drilling and have commercial success, which is where KEY has not done well IMO. The lack of drilling activity must have caused a lot of angst with some of our large shareholders IMO.

Cheers
R

Expand

I agree and it now clear that the board have decided that Geoff Baker is the man to move the business forward and deliver on the strategy.

KEY Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 11 more messages in this thread...

First 22 Last

Add KEY (ASX) to my watchlist