KAR (ASX) AFR article

Originally posted by stevo: ↑

Hi Tiger,

I have no wish to get into an argument with your goodself.... I understand your position...

Let me address your points...
what material realistic capital gain are you talking about?Sure it’s up on the last capital raise but through manipulation it languishes well below where it should be
We all agree the SP should be higher... I have said so many times including today. Capital Gains to come relative to the CR...we all expect them to be substantial over the next couple of years.. I would rather see the Sp @ $2+ than get 5c ps. If I can have both, then that's what I choose...

What about the people who have supported every capital raise since day one and poured thousands into this nepotististic stock and supported the company. We are the loyal ones and have been crawling for too long.

Yep that would be me, loyal and crawling but not quite from the start.. Nepotism argument has been proven to be a false claim... The SP didn't alter a cracker after Bob left. It was always BS and I have always said so.
Agree we have all been crawling for too long.

You stand up for these people who have over the years bled the shareholders.

Nope...Not once, never have I stood up for the funds who have manipulated stock. The management haven't bled the stock dry.

Correct me if I’m wrong but haven’t you previously boasted how much money you have made from this stock. How did you do this?

No I haven't boasted, because I haven't IMO made huge amounts of money, but in my short term trading days, I made money from Kar and a few times over the years I have traded largish parcels for a quick profit. Anyone looking at the Kar chart can see a million trading opportunities.. I also averaged down any number of times to keep relevant with the SP....but that's up to the individual.

Isn’t it a fact that a capital dividend to shareholders is long overdue and if it did occur it could well put an end to all the shenanigans and manipulation that has occurred over a long period of time.
I would love a divvie but not at the expense of seeing the company complete their program over the next couple of years or have to borrow more than they would need to and pay interest to satisfy demands for a dividend. I believe in making the money first and then worrying about what will be done with it.... We are not at that stage yet.....with respect, you appear to want to count your chickens before they have hatched.

We have been waiting for far too long for financial recognition for our loyal support and now is the time.

That may be your reason, but I don't consider it valid. For mine, Now is not the time as explained above. I don't know how the board see it.

Every one on this forum knows how much money has been squandered over the years. Please refer to my previous post regarding the Brazilian debacle. We have long memories and dare I say it quite bitter and disappointing ones.
Some money has been squandered... , true, but that would also be true of nearly any ASX company you want to name.. Its not a perfect world and Karoon has been an explorer (Risk,risk,risk) not a producer up until five months ago. Not sure which Brazilian Debacle post you are refering to, so I can't comment, but I am not aware of any Brazilian debacle that KAR is responsible for.
Being bitter and disappointed and displaying it only leads to making unfounded claims on HC in my opinion...

The next quarter and the present price of oil will vindicate my words.

I don't understand why it will vindicate as you claim and what happens if oil plummets back to.... pick a figure.....20..30..40...50 hence my comment above of counting your chickens...

Some years ago I was told by investor relations that shareholders didn’t want a dividend. What a lot of garbage. Now is the time so Karoon BOD take notice of these voices in the wilderness.

If you were told that and I am sure you were, then that was the case at the time.. Remember the funds and instos control these things, not you and I and a company can be forced to do something that they don't want to do. This was the case with the buyback which may have worked if the drilling campaign at the time had produced the goods... it didn't.....Kangaroo West from memory was a duster.

Steve I enjoy your posts but can’t agree with you on this one.

No worries Tiger, I have provided my responses, I hope you accept it in good faith.

I'm going to leave it to the board to decide if and when is the appropriate time for a div.

Expand

I appreciate your sentiments Steve and thank you for taking the time to reply. I never shoot the messenger and my views are for all to take or leave but it would be fair to say that there are many LTH like myself( first parcel @ $10.80 and participated in every capital raise since to the max) who are frustrated with the company. I believe the best lies ahead of us and whilst I don’t have a crystal ball I strongly believe that with the stance OPEC and the Saudis have recently taken we are heading for much higher Ppb of oil. I’ll stick my head out and say with COVID vaccine and international travel looking rosier we’ll be nudging $80 very soon.(fools rush in where angels fear to tread). I have also posted previously how to trade the stock and make money day after day however it would be hypocritical for me to adopt same. Anyway see you on 4ds where we are on the threshold of cracking the big time. Regards tiger. Ps I will repost the Brazilian fiasco at a later date.

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(20min delay)
Last $1.91		Change -0.035(1.80%)		Mkt cap ! $1.526B

Open	High	Low	Value	Volume
$1.96	$1.96	$1.89	$8.984M	4.693M


Last $1.90		Change -0.035 ( 2.33 %)
Open	High	Low	Volume
$1.96	$1.96	$1.89	1527029
Last updated 15.59pm 29/04/2024 ?

I appreciate your sentiments Steve and thank you for taking the...

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