KEY 0.00% 0.1¢ key petroleum limited

No Assets to liquidate now. Nyuni-TZ was apparently worthless...

  1. 18,914 Posts.
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    No Assets to liquidate now. Nyuni-TZ was apparently worthless and WSS will likely also be. UK - worthless - as we have haemorrhaged more money on it than we are ever likely to recoup imo. Italy dead in the water. Surname to small to worry about which leaves WA as our prime asset! lol.

    Much more lucrative for a management team - ANY management team - to keep it alive now and just keep withdrawing 10% of the market cap in any given year in salaries, consultant fees and misc admin costs. KEY doesnt need to be a viable company to stay listed. Just needs chumps like me to keep throwing money in at every rights issue on the faith that 'the company will turn around soon!'
 
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