KAR 1.83% $1.61 karoon energy ltd

Ann: Chairman's Address to Shareholders , page-10

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  1. 12,390 Posts.
    Bold prediction radical. That's been said quite a few times over the weeks. Early this year I thought we'd never drop below 6 again after the successes in Browse and Brazil. Duh!
    What a duffa.

    Instead of management expressing an opinion as to why the SP is where it is, they should take a radical view and start considering the poor buggar holders, and express a desire and a plan to perhaps value add? Or is the view that we all just have to suck it up and endure the pain for a few more years until the mood changes?

    Yes selling down the browse would be a good move as it adds value today, and go with royalties. T/O even better. I never wanted to be part of this party if being a producer was the end game. Frig, life's too short. Lets see a bit of return for the pain, and I'm sure most would be happy to support them with all the other conquests.
 
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