The FID is not scheduled until late CY25.
A lot of commodity resources exist but are uneconomic due to cost of development. Neon looks a goer but the CE stage will provide further de-risking, in that regard. Perhaps resource upgrade as well.
In the FY23 results conference call, Dr J spoke of the BOD's interest in farming out Neon development, even if it meant holding a minority interest. I noticed he revisited this in the TY23 conference call.
I reckon the real value reveal for KAR will come when the Instos recognise a higher future Oil price than the $60 they currently factor in.
I notice even the US Dept of Energy are getting a dose of reality in their quest to refill the SPR. Where in '23 they said they would pay no more than $67WTI, they relented to $72 and then $79 and last week Jennifer Granholm spoke of purchasing at $82.
The Saudis said their ideal price is $95 for Brent.
KAR - Chart, page-215
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Last
$1.79 |
Change
-0.030(1.65%) |
Mkt cap ! $1.434B |
Open | High | Low | Value | Volume |
$1.80 | $1.82 | $1.79 | $9.834M | 5.463M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17291 | $1.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.80 | 24326 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17291 | 1.790 |
10 | 72153 | 1.785 |
17 | 123446 | 1.780 |
9 | 91170 | 1.775 |
12 | 64947 | 1.770 |
Price($) | Vol. | No. |
---|---|---|
1.795 | 5493 | 1 |
1.800 | 7793 | 2 |
1.805 | 70281 | 4 |
1.810 | 131780 | 4 |
1.815 | 63909 | 4 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$1.79 |
  |
Change
-0.030 ( 1.86 %) |
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Open | High | Low | Volume | ||
$1.80 | $1.82 | $1.79 | 1626595 | ||
Last updated 15.59pm 30/05/2024 ? |
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