Just going on basic maths under valuation is a massive understatement. Just doing one simple sum tells you where our end game may be. Currently karoon has a market cap of approx 1 and a quarter billion$, in may this year woodside sold about 14% of a browse basin project with an estimated 15.5 tcf reserve for 2 billion dollars, assuming with todays announcement our browse reserve is at least half that (say 8tcf) and we own 40% that gives our browse stake a valuation of nearly 3 billion dollars (sold as is once 8tcf is confirmed). Then as bs etc have espoused Brazil and maybe Peru will make browse look like small change, I repeat my statement from a year ago when we hit $20 I may consider selling.
30mmcfg/d!!! on constrained euipt!!!, page-66
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Last
$1.52 |
Change
-0.048(3.04%) |
Mkt cap ! $1.211B | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.57 | $1.51 | $4.811M | 3.157M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 44272 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 63758 | 38 |
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| Last trade - 13.35pm 01/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |