I am not sure going in 100% on Buffalo is a wise move; but the fallback position, upon failure, is this much talked-up, and genuine, Dorado asset. Currently the SP for the Dorado asset is valued [today] by the market at 34.5 cents per share as it would be post Buffalo-duster and a company with somewhat reduced cash reserves.
A takeover at around 45 cents, at that point, would seem reasonable. Indeed an offer today for Carnarvon at 45 cents would seem like a proposal worth contemplation.
Deep pockets and algoriithms rule now; if the insto's circle the wagons very difficult to counter.
Just look at Bellamys; bought for a song by a Chinese company after the company's SP has been dropping incrementally for the past 18 months. Shareholders waited for "the shorting" to come to an end; it never did. Like Carnarvon's O&G reserves Bellamy's is a real player in the Chinese infant baby formula market whose market share in China is considerable.
God knows what those algorithms will do to Carnarvon's SP between now and 2024.
- Forums
- ASX - By Stock
- CVN
- Ann: Annual General Meeting Presentation 2019
Ann: Annual General Meeting Presentation 2019, page-95
-
-
- There are more pages in this discussion • 269 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
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $339.9M |
Open | High | Low | Value | Volume |
19.0¢ | 19.5¢ | 19.0¢ | $61.68K | 319.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 2769100 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 282638 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 2769100 | 0.190 |
19 | 2251001 | 0.185 |
10 | 887172 | 0.180 |
7 | 325522 | 0.175 |
9 | 384500 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 282638 | 18 |
0.200 | 1424044 | 16 |
0.205 | 801313 | 19 |
0.210 | 900063 | 22 |
0.215 | 275997 | 8 |
Last trade - 14.56pm 17/07/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |