socksa and GD:
People have great news in store with KAR in the Browse Basin and in Brazil.
I think KAR will be A$15.70 after the report in early May with the prelim results of wire line testing before they go into blackout.
I think positive news in Brazil will maintain this value through third qtr.
The market will be volatile around the third qtr with people getting nervous along with profit takers.
When people find that KAR is 100% correct on Browse Basin and the location of the next rig is established plus positive results in establishing production facilities with Brazil knocking on the door will drive the sp A$30.00 AND higher. Not ramping, just stating the facts.
We are STILL investing in KAR with this low sp. I think A$9.03 is possible by the end of this month.
B U Y for now.
Bob and Sandy
KAR SSN
report no 7, page-12
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Last
$1.81 |
Change
0.060(3.43%) |
Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.81 | $1.76 | $8.120M | 4.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5782 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 204687 | 10 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |