HSP knows it all, doom and gloom all around KAR. Hope you make a quick quid on Monday.
Why be so down on an O&G explorer, all in the game. Spend x amount money for y % chance of getting z amount gains. K-W was worth the risk, hindsight is always 20/20.
After this latest results, KAR has about $600m to spend for y% chance odds, so let the games continue. If this was a company banking on one or two drill hole/s in high risk area then I would be worried. Fortunately KAR is in a good spot with enough capital for several more go's. Hey if it all turns to dusters that is pretty bad luck, probably would have happened if the money was invested anywhere else.
I hope the company consider cheap acquisitions with the cash given the current oil price situation.
TP=$1.20, page-12
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Last
$1.40 |
Change
-0.030(2.10%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.45 | $1.39 | $3.298M | 2.345M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23830 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 51420 | 4 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |