If you have held since 2013, you would be so far ahead of most holders, why would you be in a rush to spend our precious money?!?
"This is my first post on HC so be gentle.
I have held CVN since 2013 and believe the future two wells will be significant to the company as the current market timing should be kinder to a large resource.
Has anyone heard of an update or when it is due, for WPL's Swell? A good result there would be a great lead up.
Thanks"
https://hotcopper.com.au/posts/29963714/single
This is Not the time to be rushing, or making "rushed decisions" to do something and then later coming back to the market for more money. Nothing is a guarrantee in Exploration, if we go at this (Buffalo) alone and got it wrong, the next CR will be back to 13 cents.
And If you want to see how bad decisions by management can affect the share price, have a look at FAR. Their share price is now 5 cents, despite being part of the largest oil discovery is 2014.
Like you and all holders, I don't like to see the SP going backward. And I have done my best to buy as much as I could (adding another 500k shares on-market recently), but to no avail. Whether we like it or not, our SP is deliberately being pushed downward - bit by bit.
We were in a little pool prior to the Dorado discovery. Now, we are playing with "Sharks" And they are circling us, looking for weakness and mistakes so they could drive our SP down to the teens and take us over on the cheap.
This is what is happening to FAR. The last thing we need is to repeat the mistakes of FAR.
Lets move forward judiciously rather than haphazardly. We have been through this situation before in 2017, prior to the Dorado discovery.
This is the time to be patience.
AIMHO
- Forums
- ASX - By Stock
- CVN
- Ann: Annual General Meeting Presentation 2019
Ann: Annual General Meeting Presentation 2019, page-53
-
-
- There are more pages in this discussion • 311 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
|
|||||
Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $268.3M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $155.3K | 1.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 530233 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 440281 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 530233 | 0.145 |
13 | 2235422 | 0.140 |
3 | 462000 | 0.135 |
4 | 529300 | 0.130 |
2 | 257503 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 440281 | 13 |
0.155 | 838157 | 15 |
0.160 | 1150434 | 18 |
0.165 | 225510 | 6 |
0.170 | 477678 | 10 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |