Try this one to just ad to the mix.... You wonder why they do your head in this mob .... Not going to change any result but just goes to the KAR operation
As if we don't have enough head winds OPEC, Court Case and this from Investor Relations to just ad a bit more petrol on the already negative fire.....KAR are at pains to 'parry' the court Announcement - nothing to see here ; we are a 3 party to a Court decision that we have no say in - no TH as we have no concrete deal with Petrobras we have a negotiating period ; i understand this so sadly we go down the gurglar - not KAR's fault - but then we have Investor relations dropping this little ripper - and you wonder why i reckon a broom needs to go through the place..... didn't we have a 'concrete period' of exclusivity??
So from our own Company the veracity of the 'deal'or otherwise is also called into question.
This pearler from HQ on top of everything else ...imagine the phone calls to the throng again Monday morning - you seen the Fin Review - we reckon the court case is a furphy - but you read the bit about 'more interested parties' ...what does this mean??? Is there is a concrete deal - maybe this drags on past the exclusivity of the arrangement between KAR and Petrobras - maybe they can string out the time so KAR run out of exclusivity and they can speak with 'more interested parties and get more cos the Oil price is better and they are out from under their doona's.
You know we are dealing in Brazil - they can make the law up as they go along .....
They just don't get it .... Still $1 oppose tomorrow so they do the give a flying fig! Just my thoughts of course... These blokes know their stuff especially how to play the corporate game
Enjoy the sandwiches ... The ra ra and the great things ahead for KAR ....
"The only difference between now and then is that, when we began this deal, oil was around $US30 a barrel and a lot of companies were hiding under the doona, not looking for acquisitions," said Karoon's Mr Wootton. "Oil is considerably higher now, so there might be more interested parties."
Aggressive selling into judgement, page-9
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