Just something to think about.
Bell potter puts a vaue on KAR's 40% of browse at $845m which is $3.32 a share.
Depending how dire the situation is if i was KAR management i would rather not sell now but wait till a definitive resource was proven then sell, not all but 20%.
Seeing the amount of money and effort put into the browse i would IMO do an equity raise to see them though the next drill in browse and the 2 upcoming Brasil wells.
This in my opinion is the hold up here.
Going this far with these 2 projects and being forced to take less for the assets because of a lack of definitive resource beggars belief and i am guessing management would be loathe to do this unless desperate.
That's why it's taking so long.
I say tap the market, as they have always done, and get on with it.
This will be a true test of who is running the show.
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Last
$1.90 |
Change
0.010(0.53%) |
Mkt cap ! $1.523B |
Open | High | Low | Value | Volume |
$1.90 | $1.91 | $1.88 | $8.431M | 4.439M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 57900 | $1.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.90 | 141847 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 37900 | 1.890 |
3 | 64620 | 1.885 |
6 | 39862 | 1.880 |
1 | 5172 | 1.875 |
4 | 12222 | 1.870 |
Price($) | Vol. | No. |
---|---|---|
1.900 | 16015 | 3 |
1.905 | 5952 | 2 |
1.910 | 88739 | 6 |
1.915 | 49133 | 7 |
1.920 | 169337 | 6 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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