The FID is not scheduled until late CY25.
A lot of commodity resources exist but are uneconomic due to cost of development. Neon looks a goer but the CE stage will provide further de-risking, in that regard. Perhaps resource upgrade as well.
In the FY23 results conference call, Dr J spoke of the BOD's interest in farming out Neon development, even if it meant holding a minority interest. I noticed he revisited this in the TY23 conference call.
I reckon the real value reveal for KAR will come when the Instos recognise a higher future Oil price than the $60 they currently factor in.
I notice even the US Dept of Energy are getting a dose of reality in their quest to refill the SPR. Where in '23 they said they would pay no more than $67WTI, they relented to $72 and then $79 and last week Jennifer Granholm spoke of purchasing at $82.
The Saudis said their ideal price is $95 for Brent.
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The FID is not scheduled until late CY25.A lot of commodity...
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Last
$1.72 |
Change
0.010(0.58%) |
Mkt cap ! $1.380B |
Open | High | Low | Value | Volume |
$1.75 | $1.75 | $1.71 | $2.942M | 1.703M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
59 | 100116 | $1.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.73 | 84924 | 50 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
55 | 81402 | 1.720 |
20 | 102765 | 1.715 |
17 | 119240 | 1.710 |
11 | 95200 | 1.705 |
19 | 356241 | 1.700 |
Price($) | Vol. | No. |
---|---|---|
1.725 | 85976 | 51 |
1.730 | 103607 | 26 |
1.735 | 82440 | 20 |
1.740 | 122003 | 21 |
1.745 | 158195 | 21 |
Last trade - 13.57pm 06/06/2024 (20 minute delay) ? |
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Last
$1.72 |
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Change
0.010 ( 0.60 %) |
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Open | High | Low | Volume | ||
$1.74 | $1.75 | $1.71 | 598522 | ||
Last updated 14.16pm 06/06/2024 ? |
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KAR (ASX) Chart |