Few things - UPDATE

OK -

Positives -> LULU jailed for 9 years. this is a huge positive for brazilian assets as this guy was loved in brazil and would have got back in as president.  "Given that a Lula victory would quash any hopes of much-needed economic and fiscal reforms, this would have been market-negative," Capital Economics wrote.

SO -> Petrobras was +5%... expect our little karoon to do OK today. .... positive read across for farmout partners.

Negatives -> Where the hell is our update - are we seriously just waiting for the annual report to read two paragraphs from Bob? Given nothing has happened in over 9 months and we are still waiting on farmout news, acquisition news (apart from bauna). We deserve an update. Without a dedicated update on the way forward we wont see any continued momentum forward.

OK.. now to a HOOTS technical lesson. We are heading for a big move very soon. Before the end of July we will test that downward trend line.. super important we break to the upside. Watching two main key levels -> 50 day moving average -> 1.36 and upper boll band -> 1.40. Need to break through these with good volume.

FINALLY I am hoping Karoon is just being super quiet because they are waiting to release some significant info.

GOODLUCK holders...

PB