CVN 3.13% 16.5¢ carnarvon energy limited

Ann: Fully Underwritten Institutional Placement, page-89

  1. 698 Posts.
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    Thank you for the posting wigglefat.

    Interesting point at the end of the article.. 'most anticipate a buyout' so why raise now at such a diluted price?


    Carnarvon Energy had earlier hired Auzre Capital for a sell down of the business as it looks for funds to proceed with the Dorado project, although most anticipate the most likely outcome will be an on market buyout proposal for Carnarvon from an industry player such as Beach Energy
 
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