So if we assume CAPEX is included in the USD$1bn (assume USD as most oilers talk in USD) then deduct CAPEX of $US400m (20% of US$2bn advised by Santos) to get net investment of US$600m. With 1.56bn shares on issue that make the equivalent 20% CVN share worth US38.5c. At say exchange rate of 0.7500 that means CVN's 20% is worth around A50c. Makes the alternative of taking out CVN a compelling case given the cash, Buffalo, Apus, Pavo potential etc. Perhaps there's more data required or the US$1bn is not correct but I'm excited.
Dorado / Santos Sell Down, page-12
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $99.67K | 646.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 256723 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1330643 | 12 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |