Right on, @socksa.I like the deal, I just hate the way the BOD...

Right on, @socksa.

I like the deal, I just hate the way the BOD has gone about it. I'm sure they sit in their boardroom laughing at us, calling us philanthropists, rather than shareholders.

Then Shemara walks in and says we're just suckers. She then of course straps on a big black one, to which Julian Phd replies, "please sir, can I have another". I mean what good is a Phd? They call themselves Doctors but they can't even write prescriptions for any decent drugs.


I'm happy seeing all the Brokers Reports saying KAR is grossly undervalued. However if they really believe that, why aren't they and their clients piling in at this SP?

Macquarie said KAR warrants a SP of $5.15 if the PoO hits $100 in Feb22. Later it did and KAR's SP went nowhere. Recently they announced a PT of $3.47, yet now they organise a CR to their Soph clients of $2.05.


@Blackswan said many years ago (2016?) KAR is a "lifestyle company". Management changes occurred in the meantime and now Julian Phd rules. I'm always interested in any comments from informed people, who openly criticise but old Blacky seemed a bit too manic in his opinions and some might suggest trollish.

He was right. Accordingly, I summon the great Black Swan to return ... conjure, conjure ... Oh great Black Swan, lead us to victory.




Companies were originally created as legal entity to protect the owner from bankruptcy, with the veil of incorporation. The prime objective of the BOD is to create income and capital returns for its owners, the shareholders.

How ya doin' BOD?


@rustys33
There should be announcements tomorrow, as per the schedule. Note 23Nov23. You'll see directions to resolve this online.




I like the deal though. While Who Dat acquisition looks to achieve production and sales of 4 to 4.5mbpa, they are awaiting 2P resource upgrades in Q4CY23 and Q1CY24. Further, the surrounding areas discovery could lead to 2P reserves of almost double if successful drilling occurs in CY24. In turn, new wells drilled and production increased substantially.






Having said that, I sold shares equal to my entitlement at $2.18 and will restock at $2.05 through the entitlement process. Feck 'em.

I would have preferred to wait until next monday. OPEC members meet on sunday to decide if they will cut Oil production further. However, security issues with bank transfers cause all sorts of difficulties and I wanted to make sure I squeeze some juice out of this lemon.


I stand by my PT of $3.20 to $4.80 with the PoO at $80 to $100, despite the dilution.


Macrowise, the recent US Bond sales suggest lower growth and inflation expectations, which will impact on the PoO.

The recent activity in the US Reverse Repo market suggest the US financial system will have a liquidity crisis sometime in the next 2 months. This in turn leads to sharemarket falls.


AIMO, of course.


Another Grolsch please bartender.