KAR 2.17% $1.65 karoon energy ltd

Who Dat Cost: US$720mRefinance Charges added: US$25mCapEx spent:...

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  1. 1,226 Posts.
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    Who Dat Cost: US$720m
    Refinance Charges added: US$25m
    CapEx spent: US$177m
    Total: US$922m. Which is ~A$1,383m

    Kar En MC: A$1,349M

    Funny, eh?


    The market is an evil b!tch queen, as demonstrated yesterday.

    When Kar En was a SP of $2.70 with SOI of 600m (just before WD acquisition), Bauna and Neon were valued at A$1,620m. Although we held US$141m (171-30) in net Cash, so lets say A$1,400. Perhaps you could discount Bauna MV slightly for 8 months of production to 30Jun24.

    Imputed current value (WD at cost, Bauna/Neon at MV) of all 3 investments theoretically is A$2,749m or a SP of $3.43.


    Last edited by Andyrooo: 30/08/24
 
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