Karoon has been attacked by shorters- Ive heard all the theories about why shorters are good for the market. They are bad for vulnerable exploration companies who need to raise capital to fund growth - they destroy confidence, and have done this with Karoon.
This company has done amazingly well with the assets it has, even selling Posidon before the oil price tanked - I doubt they would get the same price today. They find three oil discoveries and the price stays between 2-3 dollars.- Enough reason to privatize the business. Then you wouldn't be stuck with a shorted share price when needing capital.
Karoon's Management has done a great job - this market doesn't want to fund growth companies anymore!
Why is it so?, page-27
Add KAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.53 |
Change
-0.075(4.67%) |
Mkt cap ! $1.192B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.57 | $1.52 | $12.45M | 8.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 350 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 57889 | 3 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |