Look at the last time people thought the company was gone, the pre-poseidon sale days. People thought it was all over, no money to develop, no money for drilling etc. Then out of the left field it gets $650m from origin, and the share price race up.
KW was 35% CoS, Echidna is 43% CoS. Statistically speaking:
2 discovery 15%
1 duster 1 discovery 48%
2 dusters 37%
So 63% chance of finding something (before the campaign starting). Or can be thought of 43% finding something at the present moment. Not bad odds overall, just play the game and don't overdose on hopium.
Look at the last time people thought the company was gone, the...
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Last
$1.78 |
Change
-0.020(1.11%) |
Mkt cap ! $1.426B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.80 | $1.76 | $7.106M | 4.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15683 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 25444 | 2 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |