wake me up when we strike oil, page-17

Well,

I had to stop laughing before i could even repsond...and 4 thumbs up as well.....

MY GOD................. i have been on here for more years than i care to remember and owned KAR even longer.


For every single year and post i have been declared a cheer leader..... a KAR tragic...blinded ...too stupid to trade etc etc etc....even organsied Golf Courses when we hit $20!

I have been called the father of the thread..... every single post i have ever written has been positive ....

Ane now here i am "i shouldn't post a negative sentiment.
on KAR..." if it wasn't so funny i would think you were kidding me...please tell me you are?

So negative sentiment from me and Cato determines how things react in a market and " why would you own a stock and talk it down..." your are kidding aren't you!!!!!!!

Try this.
1) We have 0 update on Marjua.
2) We have 18 months before we can determine the size of Poseidon.
3) We are yet to drill in Brazil...however a neighbor drilling in our shlef came up with a duster...our CEO said it would have been an 'excellent start to our campaign' ...it wasn't it failed...so lets be realisitc whether it's on trend in our formation or whatever ...sentiment tends to be negative.
4) Commercial confidences mean they can't say too much about the Browse although it is a World class shelf etc.. etc... but whisper whisper we can't say too much - I WOULD TELL THE BLOODY WORLD IF IT HELPED OUR STOCK stuff COP.
5) Count1 emails the Company ...are you going to release anything re Canerio? He is still waiting even though it materially effects our SP..i see it materially effects our SP!!!!!!!!! - KAR obviously don't - lets stay Mum ..heh.
6) Roadshows completed overseas...any updates...where some Company's receptive ...does the Company feel there may be some interest..naturally this IS a commercial confidence however if they liked us before the Brazil deal and we did a great one ...have they got better things in shorter timeframes to BUY???

We will earn 0 income from Brazil til 2017.the Browse around 2020...we won't be discussing any sales until we determine the size ( fair enough) another 18 months...Marjua we still can't get a lease signed over to us...all minor of course but still...how long since the well spewed up the Oil??? !6,8 months???

If i were a Fund Manager as seeing these time lines i'd just sit back and say he has to raise at some stage next year as the drilling will have sucked all the reserves - even though all the deals he has done have been great!

If he finds ..he can do off take deals etc ..however right now why would you rush in to the stock, and if there is a failure or two ( and as Golf says this is the Oil Business) KAR is going to need CASH.

The next 2 holes in the Browse are riskier...look how the markt reacted when we had a fantastic result!!!!!!! Heaven help up if we turn up nothing - even if it fits the picture of Poseidon as KAR and COP see it..... imagine them selling this to us...they can't sell a decent result for fear of breaching commercial confidences !

So no income for 3 + years..... cash committed totally( with great deals no dispute) he will need to raise if he finds 1/2 0r 1/4 of what he hopes...

Which risk do you take Vintage the downside view or the upside if you are looking at this commercailly to spend your cash right now on?

That's right exactly the position the market has...we simply expressed how they look at it.

Talking the stock down....Christ almighty...i hope Eugene and Spyda read your post they will laugh harder than i did!

If the facts are getting in the way of the story that i'd like it to be also STOP me....i have more skin in this game than most on here and you take that to the Bank.

And whoever it was that suggested along with Cato that we need a decent PR team and an abilty to communicate the story....you have my 100% total support for that idea.

I felt ill when i hit the sentiment button and it didn't say BUY.

I shouldn't post negative on a stock i own....let's keep it real...that's how HC should be used for God's sake!

How do you show yourself shaking your head in total disbelief in words!!!