I think the companies view on retail holders doing the selling is very far fetched as why would one participate in SPP if they would panic when a drop in price occurs.
These participants in the SPP would have got in for the long term IMO.
KAR has to drill grace regardless to fulfil lease requirements that IMO was for what the CAP raising was for.
Bilby was always going to be a tough one to assess as its a different type of oil and needs to be developed separately and KAR was always going to have drill more wells in that area.
Kangaroo, well that still has a few wells also to drill to prove up resource but is KAR's best bet for early production as the company says for a cash flow.
But hey thats not for another 4 years or more so its a bit wishy washy telling that over the phone.
And finally they say they are bullish about their resources.
Well what self respecting company would say otherwise.
market, page-8
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Last
$1.47 |
Change
-0.040(2.65%) |
Mkt cap ! $1.179B | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.53 | $1.47 | $10.74M | 7.225M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15772 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 3390 | 1 |
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| KAR (ASX) Chart |