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
$1.72 |
Change
0.060(3.61%) |
Mkt cap ! $1.378B |
Open | High | Low | Value | Volume |
$1.67 | $1.73 | $1.67 | $18.60M | 10.89M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 48682 | $1.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.73 | 130076 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6104 | 1.715 |
4 | 37026 | 1.710 |
1 | 6104 | 1.705 |
3 | 16549 | 1.700 |
1 | 6104 | 1.695 |
Price($) | Vol. | No. |
---|---|---|
1.730 | 1552 | 2 |
1.735 | 6104 | 1 |
1.740 | 21103 | 3 |
1.745 | 18263 | 4 |
1.750 | 140804 | 5 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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