CVN 2.27% 21.5¢ carnarvon energy limited

Why we shouldn't sell, page-18

  1. 13,957 Posts.
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    Wishlist,

    If you seriously think three directors include sufficient diversity of skills and experience for even a relatively small company such as this when two of them are fundie types with little industry depth then I would indeed have to consider you a fool.

    I don’t know who you think would pay more for the 10% stake with the project now in limbo? And if the FID had happened as expected the alternative may well have been to do a huge CR at say 15 cps, or even lower

    Imho, considering the facts, rather than any wishlist I might have, that 10% partial divestment you complain about was at the time sensible capital and risk management, and at a then fair price. In hindsight It looks to me astute and a great deal for us.

    imho did a great job, even if towards the end his snout perhaps got a little far into the trough.

    EL
 
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