JL
Are you sure that is the case.? My feeling is that when Pacific don't stump up, they are in default, hence the default notice, there would be a timeframe involved and then they either stump up, have a buyer lined up or lose the block. To my mind,Pacific would have to have a buyer before commencement of drilling ( cannot be delayed without cost)and Kar could simply match the price if they want 100%. My bet is they are hoping to get it back for nothing, then find a new partner with cash and sell them a bigger overall percentage which gives Kar more cash and less development commitment.
They would be mad to spend cash buying it back unless they knew they could onsell to a preferred partner.
The next Wodside, page-75
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Last
$1.40 |
Change
0.010(0.72%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $4.290M | 3.103M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2727 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 17538 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |