100% on the money there Tiger.I've been with Karoon for circa 10...

100% on the money there Tiger.
I've been with Karoon for circa 10 years or more and have witnessed it incessantly pounded into undervalued territory.
In past years the undervaluation was partly a result of the Company's status as an explorer.
That was then... now we have progressed to producer status.... and Quarterly reports are vastly different.
Now its just a question of degree as to the financial benefits, quarter on quarter.
Sure the PoO should be a contributing factor, but certainly not to the significant degree it continually shows.
If the market were to apply the same forward thinking to KAR as it does to some of the less deserving Companies we see enjoying inflated values, we could experience the time between Quarterlies far more enjoyably. But it is what it is and I sleep well at night with the knowledge that money is being continuously accumulated whilst I cavort with Rip Van Winkle.
And yes, your comments on the questionable reasons behind lending shares in support of those whose intent is to devalue those shares are also spot on... I have had this discussion over a number of years.
Must go now... Rip is knocking on the door.