KAR 6.11% 84.5¢ karoon energy ltd

capex etc

  1. 1,271 Posts.
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    I have been a holder for quite some time.

    A friend was interested in KAR and spoke to his broker about it. His broker advised that he was wary as to whether, in these times, KAR may have trouble raising capital for development, capex etc.

    Im interested to hear other views on this. Im aware that KAR has $80 something Mill in the bank and also that with Conoco as a majority partner KAR's ability to borrow can only be enhanced.

    Do others have any views on this please?
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