KAR 3.75% $1.94 karoon energy ltd

"the fact is that i paid over 7$ per share in a capital raising...

  1. 12,390 Posts.
    "the fact is that i paid over 7$ per share in a capital raising offer having been made to believe that I was getting a steal of a price at the time...looking back I know I was had .!!"

    You weren't had Pintoa, you were swept up by the hype and the times. You should be glad you weren't one of the poor buggars who bought in at 10+ while being blinded by the excitement at the time. This stock was never legitimately valued over $5 back in those days, even though the market loved it. Remember the internet bubble?
    Things have swung back to the other extreme now and it struggles to reach fundamental values.
    It's hard to see $4 days return but who knows, as a bad flow test on proteus, or poor Bilby results or no J/V for Grace could well drive it back down there.
    You will get your $7 back one day soon and some when 2 big boys make a move on it.
 
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