Geez, I'm glad you posted that Black. I thought the goodoil was serious and I wondered what I was missing as to how those shorters were going to burn.
As I had a post going just about to push the send button, I will add on here.
lookandsee,
Cannot help but indulge myself with a revisit to some of our previous posts. Forgive me the indulgence. Also h/t to ddddgggg and BaudinBeach who both called $2. which is where this is going. Probably slip a little under for a short time. I cannot see that they would be financing if the JV was Imminent. I know hoots called $2 as one of a couple of trigger points, but I am not a chart lover.
Post #: 10295598 20/03.
"Only four weeks of shorting to go.!!!
Hmmm.. $2.00 anybody.??
Cheers,
Stevo "
Post #: 10296906 20/03.
"an some one post a chart of where we are going not were we have been. and also some post on the future of kar not the past.
i think not in both cases. jibber jabber is all. i bet if at the time the share was 5 0r 6 and some one offered you a s/p at 2.60 you would have jumped at it with both feet. and now it talk of 2.00 based on what.
its a new time and new work to carry on and you still only come up with the same jibber jabber as in the past.
get into. if i thought it was going to 2 i would sell today and buy then and restructure same as Kar will have to do. i hope they are not in their offices licking their wounds with no further future thinking the same as some here."
Post #: 10296964 20/03.
" look and see,
The bottom line is there is another month of shorting on the horizon based on no news and the serious fact that Kar will be out of money if no JV to pay for Santos drill, which will mean a capital raise or other finance options. So the shorters are betting on that scenario. They will be able to buy cheaper on a CR in May than at todays market price. The only thing that will save us from this is a timely JV. Cash at hand is $110m.
This will be a helluva ride and a very close call IMO.
You come up with a better play-out of the situation in the next two months.!! "
Cheers,
Stevo
non renounceable rights issue, page-137
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