KAR 0.68% $1.85 karoon energy ltd

KAR, there was more money, on 11/12/14, SP low=$2.08, on...

  1. HSP
    5,051 Posts.
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    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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