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2.70%

19.0¢ carnarvon energy limited

" they have lots of cash in the bank'Which will all be used up...

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robynjackson

263 Posts.

16

02/04/20

15:18

Post #: 43843247
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Originally posted by RoyE: ↑

Hi Dan
i agree that with current market conditions CVN has become more vulnerable to a takeover due to its very depressed share price. A takeover bid in the short term would not surprise me - at current prices CVN is very, very undervalued! Having said this, I can't see a cheap and nasty bid getting much traction - at $0.15, ridiculous. At $0.30, slightly less ridiculous however counter bids from other potential acquirers would be expected. At $0.40 - $0.50, possibly.
Remember CVN is not a distressed seller with debt and no income - they have lots of cash in the bank and can afford to pick and choose their way forward

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" they have lots of cash in the bank'

Which will all be used up for Dorado FEED and other corporate purposes.

CVN Price at posting: 15.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 19.0¢		Change 0.005(2.70%)		Mkt cap ! $348.5M

Open	High	Low	Value	Volume
19.0¢	19.5¢	19.0¢	$656.2K	3.386M

Buyers (Bids)

No.	Vol.	Price($)
19	1756738	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	893268	11

View Market Depth

No.	Vol.	Price($)
19	1761195	0.190
22	1644471	0.185
23	1774800	0.180
14	1705785	0.175
3	301176	0.170

Price($)	Vol.	No.
0.195	893268	11
0.200	1623437	30
0.205	987984	15
0.210	1363088	16
0.215	460003	6

Last trade - 13.51pm 29/04/2024 (20 minute delay)


Last 19.3¢			Change 0.005 ( 2.72 %)
Open	High		Low	Volume
19.0¢	19.5¢		19.0¢	1983581
Last updated 14.47pm 29/04/2024 ?

CVN (ASX) Chart