Just something to think about.
Bell potter puts a vaue on KAR's 40% of browse at $845m which is $3.32 a share.
Depending how dire the situation is if i was KAR management i would rather not sell now but wait till a definitive resource was proven then sell, not all but 20%.
Seeing the amount of money and effort put into the browse i would IMO do an equity raise to see them though the next drill in browse and the 2 upcoming Brasil wells.
This in my opinion is the hold up here.
Going this far with these 2 projects and being forced to take less for the assets because of a lack of definitive resource beggars belief and i am guessing management would be loathe to do this unless desperate.
That's why it's taking so long.
I say tap the market, as they have always done, and get on with it.
This will be a true test of who is running the show.
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Last
$1.44 |
Change
-0.045(3.03%) |
Mkt cap ! $1.122B |
Open | High | Low | Value | Volume |
$1.48 | $1.48 | $1.44 | $7.950M | 5.468M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 16364 | $1.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.45 | 6448 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 16364 | 1.440 |
7 | 52644 | 1.435 |
10 | 220475 | 1.430 |
5 | 88358 | 1.425 |
19 | 231761 | 1.420 |
Price($) | Vol. | No. |
---|---|---|
1.450 | 3448 | 1 |
1.455 | 75108 | 3 |
1.460 | 58212 | 4 |
1.465 | 5002 | 1 |
1.470 | 7004 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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