Drilling and development are independent of each other. There's oodles of cash on balance sheet and contingent (on FID) for both and drilling should enhance the SP. Plus at say $7m for a drill it will not break the bank. Interest on the cash stash alone will pay all corporate costs. Waiting for STO is not a great option. Waiting for Rusty to find a low ball offer may suit his interests but not mine. CVN is an explorer so let's explore. Why else would you invest in CVN?
Waiting for STO is not a great option. They have their own agenda which does not align with mine even though I'm a shareholder in STO. Great company.
Ann: Changes to Non-Executive Directors, page-30
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $304.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 15.5¢ | $627.4K | 3.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 306000 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 374569 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |