Barry Fitzgerald's column in today's The Age refers to a recent report by Merrill Lynch in which they say success at Kontiki would add $1.50 per share (failure could result in $4.40 downside and have raised their price objective to $11.80 per share). Based on ML's valuation the P50 7TCF of gas at Kontiki is worth $270mill, assuming 180mill shares on issue. Seems a tad low to me!
merrill lynch valuation
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Last
$1.92 |
Change
0.055(2.95%) |
Mkt cap ! $1.497B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.93 | $1.88 | $3.461M | 1.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 91757 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 38752 | 10 |
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| Last trade - 10.22am 01/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |