Kray, I know this won't be popular but I don't blame the management. We all invested in this company eyes wide open; it:
"Karoon typically looks for high equity interests in early stage exploration opportunities containing large potential targets in basins with proven Petroleum Systems. Karoon strives to create shareholder value through the geotechnical work-up of the acreage, leveraging its high equity interests to explore and appraise these opportunities."
That is exactly what they are doing. They can't be blamed for savage short selling by opportunists playing on the worst O&G sentiment I can remember. We knew the risks when investing in this type of company.
For the brave there is no reason why it can't turn full circle. It wouldn't be the first time, just look at markets GFC depths and a few years later.
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$2.16 |
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Mkt cap ! $1.730B |
Open | High | Low | Value | Volume |
$2.19 | $2.19 | $2.14 | $10.36M | 4.784M |
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5 | 63354 | $2.15 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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5 | 63354 | 2.150 |
11 | 173611 | 2.140 |
6 | 157023 | 2.130 |
2 | 11403 | 2.120 |
2 | 9616 | 2.110 |
Price($) | Vol. | No. |
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2.160 | 78637 | 2 |
2.170 | 108213 | 6 |
2.180 | 153607 | 8 |
2.190 | 261096 | 14 |
2.200 | 166821 | 17 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
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Change
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Last updated 15.59pm 28/03/2024 ? |
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