KAR 2.35% $1.85 karoon energy ltd

Ann: Pharos-1 Progress Report No 2 , page-12

  1. 1,694 Posts.
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    Agree JT. $8 now for a t/o or 2:1 STO scrip would be an immediate return for SH better than whatever cash they can get for browse plus rerating of santos assets. A well managed KAR could end up being worth more than current t/o price but we're looking 12months plus down the track and assuming the market rerates us. Right now I think most would be happy to take the $8 bird in the hand (although I don't think it'll eventuate not least because management won't want to let go of running the show) than wait out for the (realistically 3 year timeframe) of the possible $10+ bird in the bush.
 
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$1.85
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50 72882 $1.85
 

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$1.85 164407 39
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