KAR 7.19% $1.57 karoon energy ltd

Ballieu have released today (20 April) a research paper on KAR...

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    Ballieu have released today (20 April) a research paper on KAR that maintains a Hold recommendation with a price target of $11.20. It should be noted & I think most of us appreciate that it is categorized as High Risk. The say that if Kronos 1 is a success the valuation range is $11.33 > $17.00. They acknowledge that testing will take 30 - 40 days & investors need be patient. They make the point that even in the event that Kronos 1 is not successful, long term investors should accumulate below $7.00.
 
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