KAR 1.44% $1.76 karoon energy ltd

Thanks jawstwo for digging up the information and and...

  1. 495 Posts.
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    Thanks jawstwo for digging up the information and and highlighted the discrepancies.
    Even it is not true, the perception is pretty bad and did gave the impression they are hoarding the cash (and not aggressively and prudently invest to increase shareholders value) as their long term nest eggs.
    Based on 2015 figure $4.9 m per annum plus a bit of yearly CPI increases and bonuses along the way, that will last them for many yrs to come, bearing in mind $200 m or so of drilling will be needed to keep the permit(s) alive over the next 5 - 10 years, it is also important they are not spending too much on buy back that may diminish / shorten their guarantee future earning.
 
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