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$1.90 karoon energy ltd

2.7 mil shorts yesterday.

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tcisboss

13,252 Posts.

17/03/20

13:35

Post #: 43539170
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Originally posted by PointBreak5: ↑

So $500m cash end of Jan. AUD down another 6%... so let’s call it 525 cash as of today. Plus deposit of $80m aud. Makes us worth approx $600m today.

this is a win win situation.. if the deal goes ahead , it will be because the oil price has risen and banks are comfortable lending with the appropriate hedge or in the unlikely event that Petrobras reduces the cost some how to make the banks lend less.

other scenario is the deal doesn’t go ahead because the banks won’t lend at this price and we revert to cash value plus get the deposit back because it was out of our control.

bottom line, my view is if we get this asset, it will be because it adds shareholder value = price up or if we pull out due to financing then we go up as well>1.

Make no mistake here, the banks are full of shale debt(which is about to default),.. there is no chance they will take on more risky oil debt.

PB

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2.7 mil shorts yesterday.

KAR Price at posting: 39.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.90		Change 0.000(0.00%)		Mkt cap ! $1.522B

Open	High	Low	Value	Volume
$1.93	$1.94	$1.90	$819.3K	427.9K

Buyers (Bids)

No.	Vol.	Price($)
14	36569	$1.90

Sellers (Offers)

Price($)	Vol.	No.
$1.90	8186	6

View Market Depth

No.	Vol.	Price($)
20	65591	1.900
11	25109	1.895
11	41145	1.890
8	28016	1.885
12	51752	1.880

Price($)	Vol.	No.
1.910	24409	15
1.915	29376	11
1.920	29073	12
1.925	50824	11
1.930	29091	8

Last trade - 10.24am 07/05/2024 (20 minute delay)


Last $1.90			Change 0.000 ( 0.53 %)
Open	High		Low	Volume
$1.92	$1.94		$1.89	97451
Last updated 10.43am 07/05/2024 ?

KAR (ASX) Chart

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