Thanks Pecora.
Lol.. so Merrills have been readin HC or calling up the management it seems, good on them.
Interesting conclusion...
"In a resource-constrained industry, we believe Karoon would screen up as a possible M&A candidate giving the shares some downside support in our view"!!!
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Wonder when would that happen by Xmas '09!! Considering the mkt cap is now formally over $1.078b & they need about US$3.2b over the next 5 years for development of this project!!
But wait, they r drilling Kontiki with a 525m payzone next, so Merrills got this wrong technically & one could see a revision to that $9.16 over time.
Will stay tuned, to see their revised estimate in 8 weeks time. In the meanwhile u heard it hear first.
Just my musings (not ramp!!).
merrill lynch, page-9
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Last
$1.70 |
Change
-0.015(0.88%) |
Mkt cap ! $1.361B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.70 | $1.67 | $6.485M | 3.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5782 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 1499 | 1 |
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| KAR (ASX) Chart |