Karoon has;
• AUD$523 million ($2.12 per share) in cash as at 31 December 2015, with additional receivable contingent payments
of US$200 million.
• Nil Debt.
• 129 million barrels in gross unrisked 2C contingent resources (89 million barrels net to Karoon).
• Multi-billion barrel prospective resources in the exploration portfolio.
• an exploration portfolio that has minimal work commitments over the next two years.
• An appraisal program in offshore Brazil commencing in the 2nd half 2016.
• Recent new farmout interest from interested parties, to which it is working to progress.
Isn't the fact that the market cap is over $200m below the net cash position a pretty good reason to fire the board and wind up the company? That >$200m deficiency is basically the value the market is placing on management?
I'd buy some KAR if they all resigned and sent the cash back to shareholders!
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Last
$1.64 |
Change
-0.035(2.09%) |
Mkt cap ! $1.314B |
Open | High | Low | Value | Volume |
$1.68 | $1.69 | $1.64 | $7.656M | 4.616M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2599 | $1.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.65 | 91059 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 196 | 1.735 |
2 | 78 | 1.720 |
2 | 111765 | 1.700 |
2 | 6000 | 1.690 |
1 | 3000 | 1.680 |
Price($) | Vol. | No. |
---|---|---|
1.600 | 13000 | 1 |
1.605 | 21321 | 1 |
1.620 | 3 | 2 |
1.635 | 23 | 1 |
1.640 | 2168 | 1 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$1.65 |
  |
Change
-0.035 ( 1.68 %) |
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Open | High | Low | Volume | ||
$1.67 | $1.69 | $1.65 | 1260584 | ||
Last updated 15.59pm 17/06/2024 ? |
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