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3.23%

16.0¢ carnarvon energy limited

Santos spells out its plans - big on Dorado, page-181

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magpie4ever

3,409 Posts.

493

19/12/19

22:51

Post #: 42060597
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Originally posted by aaa53: ↑

Disagree.............

you're suggestion is to bet the company (use our current cash ) on a low opportunity versus being patient for the GREAT opportunity.

If we are looking for "buy ins" to share/take much of the risk and this is taking time , suggests the risk/reward is not overwhelming to other investors at the moment.

The current low share price , does not reduce our cash position/balance sheet .........the low share price now just creates a problem for short term investors and gives an opportunity for low priced raiders..........however I do not think a low price raider will have success, given a low price raid will also be a valuation of the Santos 80% share as well.

The CVN major long term risk is to run out of cash before the big dance , which then forces another capital raising which would be disaster for long term shareholders.

I would rather SELL Buffalo then taking the risk of using our cash to go 100% into this opportunity.

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Disagree with your disagree.

Haven't we been here before.

CVN Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 16.0¢		Change 0.005(3.23%)		Mkt cap ! $286.2M

Open	High	Low	Value	Volume
16.0¢	16.0¢	15.5¢	$17.62K	110.3K

Buyers (Bids)

No.	Vol.	Price($)
20	1478008	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	48992	4

View Market Depth

No.	Vol.	Price($)
20	1478008	0.155
19	1324634	0.150
20	867255	0.145
11	601021	0.140
2	437000	0.135

Price($)	Vol.	No.
0.160	48992	4
0.165	1512613	11
0.170	877450	17
0.175	802835	9
0.180	373384	9

Last trade - 16.10pm 05/11/2024 (20 minute delay)

CVN (ASX) Chart