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
$1.83 |
Change
0.020(1.10%) |
Mkt cap ! $1.466B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.83 | $1.80 | $6.165M | 3.385M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71898 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 40646 | 2 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$1.83 |
Change
0.020 ( 0.88 %) |
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| Open | High | Low | Volume | ||
| $1.82 | $1.83 | $1.80 | 623463 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| KAR (ASX) Chart |