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!
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2 | 4967 | 1.525 |
10 | 195135 | 1.520 |
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