CVN 1.25% 19.8¢ carnarvon energy limited

who is the short seller, page-7

  1. 13,293 Posts.
    lightbulb Created with Sketch. 1234
    One doesn't need to be Einstein to work out what's probably going on with stocks like FAR and CVN.
    They both have a share in a huge resource and both are no doubt being played.
    Go back where AWE were played down to around the 45 cent mark then 3 bidders came in to try and acquire the company, it finally went for about 95 cents.
    Small companies with a share in a large project are always at the mercy of big oil as its a relatively cheap alternative to drilling dusters trying to find a resource.
    AC's last CAP raise was no doubt partly a defensive strategy in case we have majors sniffing around.
    CVN are now in a stronger position cash wise and on the cusp of telling the market volumes and flow rates.
    FAR on the other hand are a one trick pony and in a more fragile position with 6 billion shares and having to have a CAP raise just to pay the bills every 9 months.
    So IMO both companies are being capped, shorters play their part in that but there are bigger forces at work behind the scenes.
    When a predator wants something the first thing the do before they come in for the kill is weaken it.
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
(20min delay)
Last
19.8¢
Change
-0.003(1.25%)
Mkt cap ! $353.3M
Open High Low Value Volume
19.5¢ 20.0¢ 19.5¢ $23.83K 121.9K

Buyers (Bids)

No. Vol. Price($)
25 1679947 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 705755 21
View Market Depth
Last trade - 11.44am 10/07/2024 (20 minute delay) ?
CVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.