Good call Dr. Who! Haha.
Chilloutman's post is a loose summary but it is true there is potential. Cash backing is good. Something to fish with for underpriced assets now or maybe put towards commercial development of Echidna.
I do get BS's frustration but it's a waiting game at the moment and some things are not in our/ Karoon management's control. I trust they are not sitting in the offices drinking coffee all day and they sure as hell know a little bit about O&G exploration. Certainly more than me so I'll leave it to them.
I can control my average share price paid and whether I'm in or out. Definitely in for the next year or two, even if it's slow going at first. In fact I think Karoon is currently a very high confidence capital preservation stock( from current SP). I can't see how we will not see a 30 - 50% return within a 1 - 2 year timeframe. But that's just me. And as I said I'm in for a while yet.
Karoon Gas is simply the best, page-5
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Last
$1.46 |
Change
-0.065(4.26%) |
Mkt cap ! $1.160B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.52 | $1.45 | $15.96M | 10.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 119063 | 3 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |