Everyone bar those accumulating will share your frustration, but I believe that the intrinsic value will ultimately been seen, given successful results from the drilling & subsequent analysis.
I have no expectation of the upcoming PS results, and think the market has made the call of it being non-commercial given the POO. Anything better than that & I expect the sp will rise considerably. For me it’s all about ROC, & I’m not too worried about the sp currently.
CVN have multiple opportunities to pursue in the acreage they hold, & a solid cashbook to assist in that aim. EYES can see that cash dwindling & perhaps he will be proven right in time. If however CVN unlocks a commercial field, then I expect we will be taken out well before the cash runs dry, & at substantial premium than where we are now.
On the risk v return scale, I think CVN offers a compelling opportunity – the best to date in my time holding, which must be nearing ten years now.
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $277.3M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 15.0¢ | $115.0K | 766.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 281969 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 967418 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 281969 | 0.150 |
27 | 1153989 | 0.145 |
16 | 733302 | 0.140 |
7 | 580617 | 0.135 |
10 | 552617 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 967418 | 18 |
0.160 | 1337606 | 20 |
0.165 | 219060 | 5 |
0.170 | 797038 | 12 |
0.175 | 999235 | 8 |
Last trade - 11.35am 06/09/2024 (20 minute delay) ? |
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