KAR 4.26% $1.46 karoon energy ltd

Re value of KAR, page-16

  1. 2,890 Posts.
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    Hypothetically cash would look like this....

    cash on hand 496.5m
    Less quarterly expenses -59.5
    = 437m AUD
    add back return of 50m usd deposit takes us to
    512m aud.

    552.9m shares so 92.6c / share.

    Plus a very chunky break fee from Petrobras to add on the top.

    Downside surely looks limited at $1.03.

    But I reckon the deal is in the bag and $1.50 is around the corner
 
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