Dog Kea Petroleum (#KEA) is tits up and now formally booted off AIM Casino
- 2015-11-27 00:29:54
In olden days Kea Petroleum (KEA) would have raised money at big discounts through bucket shops who would have taken a big commission as would have greedy brokers. But the revolution has started as it becomes the first company to use Primary Bid so cutting out the crony capitalists, saving it money and not stiffing PIs with a pump and dump operation. Well done Kea.
Investors in Kea Petroleum (KEA) awoke yesterday to the shock news that its appraisal drill in New Zealand had been a failure. This caused the share price to tumble by over 60 per cent to a little over 1.1p, but even after such a drop I think it still looks over-valued at a £10 million market cap and certainly wouldn’t be rushing to buy in.
Commissioned researcher Edison has today published a detailed note with forecasts on AIM listed Kea Petroleum (KEA) – shares in which trade at 7.25p.









