KAR 1.61% $1.53 karoon energy ltd

we have to wait another 3 weeks!!, page-26

  1. 1,710 Posts.
    Ocra,
    Wellington have a stake in KAR? But they bought before the GFC and are up over 100%. An insto at this stage will not buy until reserves are proven. The Price aint going anywhere until results are known. So why get stuck in a stock with uncertainty. But for us long holders its a bit different i am nearly 200% up, so i can bear a slide in the stock in short term to gain a 7 bagger. I also need to think about capital gains tax. If I sell now i will have to give alot more to the TAX man. I am so confident about the prospects here that I am going to hold and accumulate, while few greedy suckers panic and sell.
 
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