KAR 1.72% $1.48 karoon energy ltd

".meaning.. the few sellers win..." Not sure how sellers would...

  1. 12,841 Posts.
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    ".meaning.. the few sellers win..."

    Not sure how sellers would consider themselves "winners" by achieving a lower sell price. Of course, if we are talking manipulated selling to drive the price down so stock can be bought at a lower price , well that's different.

    Cannot understand why anyone would buy at the moment. A Santos jV would provide a small catalyst, however surely the main and only game is Kangaroo and until that drillbit goes in around late Sep there will be scarce upward movement I believe. May as well save the do re mi untill around then.

    Santos JV would provide plenty of spare cash for either buyback or div.


    Cheers,
    Stevo
 
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$1.49 24874 3
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