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
$1.81 |
Change
-0.025(1.36%) |
Mkt cap ! $1.450B |
Open | High | Low | Value | Volume |
$1.81 | $1.85 | $1.80 | $6.694M | 3.678M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 72717 | $1.81 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.82 | 17108 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6483 | 1.810 |
4 | 3858 | 1.805 |
6 | 39593 | 1.800 |
3 | 20493 | 1.795 |
6 | 11009 | 1.790 |
Price($) | Vol. | No. |
---|---|---|
1.820 | 5493 | 1 |
1.825 | 5493 | 1 |
1.830 | 5493 | 1 |
1.835 | 5493 | 1 |
1.840 | 5493 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.81 |
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Change
-0.025 ( 1.34 %) |
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Open | High | Low | Volume | ||
$1.81 | $1.85 | $1.80 | 1115604 | ||
Last updated 15.59pm 24/05/2024 ? |
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KAR (ASX) Chart |