I'm indifferent to the management. It is hard to defend in the face of a poor SP. But then they are doing what they do 'explore and discover'- they cannot force the issue of market price. Then again, I suppose they could influence matters through investor relations and talking up prospects with big funds. I don't really know to what extent they do that already.
My point was at last years $3.29 price - could anyone foresee the pending crash of oil price and extent of industry negative sentiment that was about to unfold in 2015? Today, surely there is little less to know about sentiment and oil price, it is all out there - yet they renew buyback.
Either they are complete and utter idiots or they have been well informed? I guess that is the risk we investor/traders take. Armed with as much information as we know we have to make a call.
I'm indifferent to the management. It is hard to defend in the...
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Last
$1.83 |
Change
-0.015(0.82%) |
Mkt cap ! $1.486B | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.86 | $1.82 | $1.292M | 702.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 29080 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 37343 | 20 |
View Market Depth
| Last trade - 12.36pm 29/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |