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
$1.83 |
Change
-0.040(2.14%) |
Mkt cap ! $1.466B |
Open | High | Low | Value | Volume |
$1.85 | $1.86 | $1.83 | $6.002M | 3.265M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 42256 | $1.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.84 | 13340 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 22202 | 1.825 |
6 | 40067 | 1.820 |
5 | 34917 | 1.815 |
9 | 126993 | 1.810 |
2 | 13493 | 1.805 |
Price($) | Vol. | No. |
---|---|---|
1.835 | 13340 | 3 |
1.840 | 71186 | 6 |
1.845 | 44405 | 3 |
1.850 | 5493 | 1 |
1.855 | 20493 | 3 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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KAR (ASX) Chart |