When POE sold out of Thailand it left a theoretical value of CVN at 17cps. That was when they had only around 690,000,000 shares issued. ie market cap theoretical of just under $120mil.
So now they seem to have clinched that value of around $120mil, which is really good. Even though with the capital raisings they are now around 1,000,000,000 shares issued and the value cps is only 12cps.
So what a great result - we have the POE valuation out of Thailand on top of the recent discovery and new prospects.
Looks a bit grim for maybe 6-12months with oil price, but while we are not producing and have cash who cares? Musical chairs and this round we have a safe seat till the music plays again.
No more capital raising......
Ann: Divestment of Thailand Assets, page-70
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Last
15.8¢ |
Change
0.003(1.61%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.8¢ | 15.5¢ | $16.77K | 106.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1029849 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 628382 | 23 |
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| Last trade - 12.56pm 01/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |