KAR 1.44% $1.76 karoon energy ltd

stickman81 ,you are bang on the money they have to de risk ,they...

  1. 1,325 Posts.
    stickman81 ,

    you are bang on the money they have to de risk ,they did it before p1 and now p2 .

    what will happen now is they will buy back in, if the news is good and then sell before kronos 1 .

    its good business for them, they handle some 5oo billion dollars if my memory serves me and invest in a very wide band of stocks .

    i feel the news is good for all the reasons i stated before plus i feel if it was bad they may have just released after end of trade ,this says to me the data is positive and maybe they are just waiting on montara result to release all the info .

    i think also they are confident off result today or tommorrow as they would have asked the asx for the inital maximum of 4 days .

    I know one thing, when they get that picture of the flare im going to blow it up, frame it, hang it on my wall and kiss it : )

 
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