insanity

KEY is trading on its cash backing and drilling its well in under 3 weeks now. Absolutely no interest from the market yet.

This thing IPO'd at 30c, raised $20m, took oversubscriptions, is run by some of the most successful oil guys in the business and has some great oil prospects. I cant see where the problem is barring market stupidity.

There is 19c a share in cash backing this company and this well could really hit the goods. I think this has a chance of being a decent multiple from here.

Happily buying this from the punters under 19c.