If the first well is dry it will be another MMR/BUY situation....albeit at lower prices....but the % loss would still be huge.
MMR/BUY still have great resource potential with PEP11 in probably the best market area of Australia, but when the first well came up a duster it was all tears.....I can't see KAR being any different on a % basis if they come up dry!!
Yes, they have a few positives, but the market has proven over and over again with KAR that this is a fickle beast!!
I hope they target a low risk hole in the first instance to provide a stable platform for the remaining holes. This is where I think PEP11 went terribly wrong....
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Last
$1.49 |
Change
0.045(3.13%) |
Mkt cap ! $1.187B |
Open | High | Low | Value | Volume |
$1.48 | $1.50 | $1.43 | $7.996M | 5.437M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 103735 | $1.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.49 | 109442 | 61 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 97642 | 1.485 |
14 | 176474 | 1.480 |
13 | 123548 | 1.475 |
11 | 119473 | 1.470 |
12 | 183915 | 1.465 |
Price($) | Vol. | No. |
---|---|---|
1.490 | 125857 | 66 |
1.495 | 211271 | 17 |
1.500 | 213416 | 11 |
1.505 | 34304 | 8 |
1.510 | 10300 | 2 |
Last trade - 15.51pm 12/09/2024 (20 minute delay) ? |
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KAR (ASX) Chart |