It seems more like a quick patchup job by ECB, who've been banding KAR since inception, they still can't get their numbers to match up their text!! Cant b that hard now, if one was so close to the company.
ECB's latest valuation for a 7tcf resource for KAR's 40% stake puts a value of $2.4b for Browse prospects.
With 250m shares on issue, this is worth $9.60/sh not $9.30/sh, as the tusker mentions in his latest valuation.
Fortunately, he got the overall prospects valued right, 2905m/250m = $11.62/sh, but then Browse is in the spotlite for now, then Sth America. Hence $9.60/sh seems a fair price.
And then the typical cover y'r backside pearler....
"Due to the imminent announcement of the outcome of the Poseidon-2 well – which will affect our valuation by up to $5 per share – we maintain a HOLD recommendation. Karoon shares are High Risk and suited only to professional investors or investors with a high risk tolerance."
Thats confusing, $5 up or down, perhaps the latter. Yep, we all know by now the impact of losing an MDT tool & a liner tool, one month after reaching TD, did to the SP at P#1. Hence the advice, 'suited to professional insto's' or those with deeper pockets.
Anyways look fwd to an update on the logging/testing results, as that will b the necessary trigger for the SP, instead of a brokers recco.
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Last
$1.90 |
Change
0.010(0.53%) |
Mkt cap ! $1.525B |
Open | High | Low | Value | Volume |
$1.90 | $1.91 | $1.88 | $4.978M | 2.622M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
54 | 121532 | $1.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.90 | 119419 | 45 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
53 | 120910 | 1.895 |
22 | 109223 | 1.890 |
14 | 106450 | 1.885 |
13 | 110226 | 1.880 |
10 | 295771 | 1.875 |
Price($) | Vol. | No. |
---|---|---|
1.900 | 107781 | 43 |
1.905 | 77572 | 19 |
1.910 | 159415 | 25 |
1.915 | 165741 | 14 |
1.920 | 244996 | 17 |
Last trade - 14.44pm 16/07/2024 (20 minute delay) ? |
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