Yes - they are approaching 1 million in non exploration expenses. High spend for a 6m cap company.
More selling this week, indicates the current well is also likely to be a P&A IMO. No real surprise there as it was always going to be high risk.
There is always a chance that they have confiscated the phones from the drill crew, and we might get a surprise discovery, but in the light of the sell down during the prior drill, I think a good result unlikely.
The real question is how much further KEY will fall on an announcement to that effect.
Considering KEY is trading at a significant discount to cash backing, still has other projects in the pipeline and has a small free carry in Suriname; any drop from 6.7c is likely to be short lived.
It would be great if the selling is out of the way, but there will probably be a late panic from somebody.
- Forums
- ASX - By Stock
- final cash situation
Yes - they are approaching 1 million in non exploration...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KEY (ASX) to my watchlist
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.262M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $33 | 33.15K |
Featured News
KEY (ASX) Chart |