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Have you considered that stocks like KEY may have been punished because of others over-committing themselves and having to offload whatever shares they can to respond to margin calls or otherwise cover costs?

Do you think that the likes of ABC Learning are isolated? If you got a margin call and had to sell some shares to meet the call would you sell Brambles shares that you can borrow 75% against or KEY which you can borrow 0% against?

If the market moves sideways for a protracted period that will reduce the incidence of forced sellers and will enable accumulation. In the meantime we are getting closer to production and closer to getting reserve figures, in the meantime KEY is maintaining decent cash reserves.

In regards to your comment about T4P I am not sure who that is directed at but I bought into the IPO based on my own research, not T4P's.