inconclusive, page-29

Anatol...like I said..I believed their story. I made the cardinal mistake of linking behaviour with reasons why I wanted it to go up.

So when it went down, I would try to link Conoco and why a big company like them would fund KAR..."oh it must be true"

This is not a downramp. Its a down ramp to you because you hold them so therefore and bad post is a threat to your shares going up in value. Fear of not being made whole so turn a blind eye. Go read prof Alexander Elder's book on Trading for a Living...traders will hold on to be made whole. This is misguided belief.

I held up to yesterday...pure luck. But Petrorun's comment and my research on Browse sands below 4000m and the problem with flow and cementation due to compaction that far deep was too scary. I am no geologist but all the thesis report from Adelaide Uni students I was reading just caused me to re think this. What if it does not flow? they may have to fracture it to make it flow and then it might not...too risky, too tough to call.


It may well be the biggest gas find and if it is and it flows and they can get it out then I wil be happy to pay $15-$20.

Tell me, if tomorrow Rio says or Santos says..."one of our wells is not flowing...it barely causes a blip.

If KAR says conclusivley that it cant get it to flow without huge capital to make it flow, (forget and inconclusive comment) then where do u think this stock will end up? $3 i think and maybe lower. Why risk all your capital on something that may tank 60% in one day and more?.....


Sorry to have an opinion that does not agree with you being made whole but stand back and look at this in the cold hard light of day?....if u cant sleep at night becasue it will cause a massive loss from one measely bad report then why is it worth holding?....


As for position holdings...here I will say i have them,,,,feel better???? and I will have them as a buy