We can pretend is all about oil price
We all know that is not the case
The current cash begin dry as soon the minth begin as soon carnavon begin and an unepexted failure can bring the cash to 500,s
That means 2.00 because brazil at that stage the market value zero
Why zero ?
Probably because the amount of kar oil and thinkung to develop (changing the explorer to producer) will demand necessarily
A) lose of percentage to bring partners
B) capital raising
C) bank facilities
Independent of which one all will create a curve price down
We see today what the people believe the value will be tomorrow
Sorry be negative but looks like many other ones thing the same
Cato
Why is it so?, page-10
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Last
$1.38 |
Change
0.000(0.00%) |
Mkt cap ! $1.075B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.39 | $1.33 | $11.11M | 8.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35188 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 56395 | 7 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |