I bought more too and I'm puzzled by the price movement. All I can surmise is that CVN has become the victim of its own success in the sense that shorters now believe that there is no doubt that Dorado will be developed, CVN will therefore definitely need +$500 million for their share of development costs so shorters are selling CVN in anticipation of a future large capital raise. IMO this is the only way I can explain the fall in the share price.
It will be interesting next week to see if short positions have increased.
GLTA & DYOR
Ann: STO:Significant Pavo oil discovery near Dorado development, page-40
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $330.9M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 17.5¢ | $2.186M | 11.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 986142 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 1259013 | 3 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |