I think kar is being conservative and I expect grace to find something. Kontiki did hit sands. Cop did retain 10% option. We do have more data for grace. And most importantly, the board knows that a gamble at this stage would be frowned upon.
There is also the case of elvie.
I think their internal estimate would be higher and they(as you say black) wanted more cash for lower % farm down.
Ann: Karoon November Review , page-27
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Last
$1.45 |
Change
0.013(0.87%) |
Mkt cap ! $1.171B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.48 | $1.43 | $2.234M | 1.540M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 81927 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 81542 | 21 |
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| Last trade - 11.49am 10/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |