CVN 3.13% 15.5¢ carnarvon energy limited

Ann: Appendix 3Y - Change of Director's Inte, page-9

  1. 13,979 Posts.
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    re: Ann: Appendix 3Y - Change of Director... Yeah, well if this keeps going down, then I've gotta start looking for a bargain point.

    Atm it's very hard to value, clearly wasn't really worth 50, probably not 40, and the market is saying not 30 although I am not sure. Well at 20 I might be prepared to bet against the market but stops that get severely overbought as CVN clearly once was tend imho to get well oversold as the pendulum swings.

    16, will that would imho be a clear bargain, being a mc around $110mm.

    Without something more reliable in terms of production I guess one can only guess at fundamental value.

    Yes I am still holding all mine, very red coloured too.

    EL
 
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