And I don't mean the movie with Tom Cruise. Here's an artical I came across from Motley Fool with some sobering truths. Looks like a few will be scrambling to get out pre-auction, imo.
As we noted in the March article, Karoon has yet to earn one dollar of operating revenue since listing in June 2004 – close to 10 years – despite raising more than $600 million in equity from investors over that time. And investors could be asked to put their hands in their pockets again.
You can see why an investment in Karoon now would be pure speculation. Given the company’s track record, there’s a distinct possibility that the share price in ten years’ time could be lower than today’s.
http://www.fool.com.au/2014/05/01/karoon-gas-australia-limited-like-buying-a-lottery-ticket/
And I don't mean the movie with Tom Cruise. Here's an artical I...
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Last
$1.90 |
Change
0.010(0.53%) |
Mkt cap ! $1.523B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.91 | $1.88 | $8.431M | 4.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 57900 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 141847 | 6 |
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| KAR (ASX) Chart |