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
$1.84 |
Change
0.003(0.14%) |
Mkt cap ! $1.476B |
Open | High | Low | Value | Volume |
$1.84 | $1.86 | $1.82 | $2.092M | 1.138M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 3587 | $1.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.85 | 51578 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 20240 | 1.840 |
18 | 77090 | 1.835 |
28 | 163124 | 1.830 |
19 | 150531 | 1.825 |
13 | 67657 | 1.820 |
Price($) | Vol. | No. |
---|---|---|
1.845 | 50223 | 22 |
1.850 | 87864 | 25 |
1.855 | 110173 | 15 |
1.860 | 116670 | 15 |
1.865 | 295550 | 8 |
Last trade - 13.56pm 29/07/2024 (20 minute delay) ? |
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