BRW i concur,
We all have different risk profiles and some trade for profit.
My point would be why didn't anyone take some shares off the table pre drill and de risk based on the potential failure of Poseidon.
The only persons here now who urge caution are like you Mum and Dad when you are taking out the local town bike ; they know she has been ridden before and they know you don't want to share an ice cream with her. YOU NOW KNOW KAR has plenty of GAS plus Brazil plus Peru plus 2 more holes to dig..
You make your own decisions in this game but why anyone would think of selling pre final results on this well that even the biggest contrarions would concede has at the very least a commercial sized saleable quantity of Gas OR potentially a Gas play bigger than that nay other finds in the North West Shelf is beyond me.
These will be the same bloke who will buy it at $10 when they announce flow rates ahve successfully shown Poseidon contains 7 TCF of Gas and pat themselves on the back for not taking risks.
As i posted the other day can't have big rewards without big risks - the time to derisk was pre drill ; why people would urge caution and take a profit i find amazing alas as i say we all have ad different risk profile.
As for the bloke urging caution and asking us not to count our chickens ; all i can say is thanks Dad i didn't need to count the chickens ; i didn't even need to feed them myself which i did all day yesterday ; the local town bike came in for me - and she was fantastic KAROON GAS!!!!!!!
Black Swan
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