non renounceable rights issue, page-91

billy,

I can't give you advice - you've come a long way from your young and naive days....

frog says it - you can't - you have to sell or cop the dilution.

So why is at this level - well we all know the big boys tell you what price your stock is...when they like the price they have created through market activity and you are broke -

having said that it isn't their fault we were ego driven gung ho and drilling 100 million dollar holes on our own!!!

They must have been crying with laughter knowing what would happen next....they watched the shorters smash it - knew they had no JV's and had blown their cash.

Lets ensure we smash the crap out of it further so when he comes for ask for money - he is even more vulnerable..


See big boys talk to each other - remember we engaged International Bankers to assist in the asset sales - the big swinging dicks all operate within ever diminishing circles ( see rich get richer)who would have known ; if KAR can't do a JV they will need cash - well lets let them roast as frog said

all of them all together ( Merchant Banks etc ) for the great goal of more money for all they have only one KAR but hundreds of other Company's they all need to assist in their ever diminishing circle - who do they all need to work together with over the coming decade Bob Hoskin or the rest of the high powered finance world of stocks, bonds and loans?

As your not young and naive you now the answer to that..

Our aforementioned engaged merchant banks can sit it out muddy the waters not get deals done for $$$ value perceived by all - as there is a greater good or greater deal next week when this ship sails - they all need each other - there is 20 more KAR's for toasting - we aren't isolated - it's just our time or turn



Don't blame the monkey's in the jungle.

And what that is- say 4 or 5 days ago they knew it was going to happen - but of course ASIC will be all over it...remember how far we dipped last raise...high 5's down to 5.30 odd and BINGO a raise was announced.

If i may help James Wooton - Lord knows he does't need it...but Melbourne media and his good self will be looking for the words - you know like when they said the SPP was 'successful' but only about 30% took it up - you check the figures...still got a headline of successful.

Karoon are pleased to announce they have a 100% fully underpinned CR or renounceable rights or insert you own word for DILUTION...

The beauty of the words are found in the 100% of course they will underwrite it - that's what price they are happy to do it at...they tell him. KAR will be pleased to announce it is 100% underpinned - showing great faith on the value of the assets etc etc...

Now as for the fact that UBS etc came out a few days ago with a $6.50 target is because they will more than likely have a large slab of that 100%%%%% ( probably new about how much they had to sell from their allocation ( in the upcoming CR or whatever)

So a drop from $2.90 to $2.45 would certainly see the raise price lower than that ; not suggesting they were involved in the nefarious trading over those days - but stick with me) So stock needs to be sold between $2 and whatever above that for them to make more profits - q unbelievable sell off 3 days ago ?????

So now the stock is a low $2 odd and they need to sell and they do to you and me billy who love the assets say - it's a 'different company' now fully funded world class assets - no head winds JV's on the horizon - they are over the worse of it ...ad your own personal favorite cliche'

And isn't it staggering the same ones who wouldn't touch it short it put negativity in the market fuel malicious gossip actually buy every share that goes in the CR or rights 100%

Same Company's only a few days before say the UBS Report were crashing the price and saying KAR were nowhere with cash JV's were hilbilly drillers etc etc..

Oh billy why you don't buy is simple.
RINSE ....WASH.....REPEAT.

Next phase we find they sell into that ...we fail they short it....we run out of cash....see all above...we find...how do we get cash to go into Production...

RINSE ....WASH.....REPEAT.

So why continue to own ...that is the reality and do we trust them with another 200 million?

If you don't forget considering issue buying - take the pain and move on..