Love this company. Have been in since 20c. Read the quarterly and was impressed with everything. cash balance at end of September was $5M but this quarter, positive cashflow should increase the net cash above that. The company has now a series of producing wells and a mcap of $300M plus. The smart thing to do is to go to the market and get some serious cash - say $20M to advance the exploration seriously. Any mishaps in production in the near term would cause serious problems with cashflow and the resulkting drop in sp would belt dilution. Taking some profits ( 20% of holding).
cheers
omg
placement could be near
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 (20min delay)
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $780.9K | 4.887M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1236249 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1046275 | 13 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |