Firstly i have the flu so am a bit off colour ,Reading my post it would seem as though i was having a dig at you for posting ....i wasn t ...so i hope your not offended .
my point simply is, that the media are always pointing out to us the bad points and bringing in senario's that are not realistic .
karoon can't possibly be a t/o target at this point ,to many savvy investors, for it to happen ...as kbear1 pointed out we don t even have the figures in to how big this puppy is ..so how can a price be put on it ,We are not cash poor and its looking good with kronos 1 so far, so cap raising won t be a problem .
Management are thinking with there heads and being pro active in this current climate to improve the sp with the brazil ipo .drilling in the browse and brazil is only 6 mths away .
After the next drilling in browse and brazil are completed then maybe a substantial offer may tempt management and share holders .
The Eureka report should back up its claims with more info as how they think a t/o could happen .
KAR Price at posting:
$7.54 Sentiment: Buy Disclosure: Held
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