CVN 5.88% 16.0¢ carnarvon energy limited

Ann: Letter to Shareholders , page-14

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ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 4,376 Posts.
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    Just received this in a report from a reputable fund manager who regard CVN as a top pick small cap:

    They?ve got cash flow. We like their Phoenix asset in the North-West Shelf. They have assets in Thailand that spit out cash flow, and I like operations that are self-funded. I don?t like people coming back to the market all the time. So we were happy to hold some short-term pain on the basis of what they might do with Phoenix....
 
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