Look at the last time people thought the company was gone, the pre-poseidon sale days. People thought it was all over, no money to develop, no money for drilling etc. Then out of the left field it gets $650m from origin, and the share price race up.
KW was 35% CoS, Echidna is 43% CoS. Statistically speaking:
2 discovery 15%
1 duster 1 discovery 48%
2 dusters 37%
So 63% chance of finding something (before the campaign starting). Or can be thought of 43% finding something at the present moment. Not bad odds overall, just play the game and don't overdose on hopium.
Good Bye, page-14
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Last
$1.92 |
Change
0.090(4.92%) |
Mkt cap ! $1.539B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.92 | $1.85 | $18.66M | 9.832M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11055 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 144289 | 16 |
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| KAR (ASX) Chart |