KAR, there was more money,
on 11/12/14, SP low=$2.08,
on 20/1/15, SP low=$2.04,
any take-offer?
No
----------------------------------------------------
Now holds less money after 3 months exploration and admin cost ,
Oil price was approx $60 on Dec 2014, now $48, down 22%
Gas price was approx $3.8 then, now $2.8, down 26%
So the valuation of exist assets would drop approx 24%
Even if without the US$45m damage, last SP=$2.16, comparing the above prices, $2.08, $2.04
tell me SP= $2.16 too high or too low?
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