Anyone now holding CVN is taking a huge punt on APUS results.
APUS has a 23% likely "commercial success "rate.
Less than PAVO - which was around 30%.
Way, way less than "sure thing" BUFFALO.
I recall CVN saying BUFFALO had a 80% "commercial success rate".
If APUS comes in and is commercial / able to be tied back like PAVO - I guess the stock slingshots back to 43-45c, maybe more - even with recent dilution.
Happy Days. Fortune favours the brave.
But in the case of a duster, like BUFFALO - its back to 20c & management would still have to work out how to fully fund Dorado FID. In that scenario expect more cap raises & further dilution..
Management were very quick to hedge their asses (and their ongoing renumeration) with a cap raise after PAVO success (which shafted long term holders).
I guess 23% odds of success was not all that appealing to them.. If they really believed in APUS they would have put their jobs on the line and delayed a "cap raise" until after APUS results..
So maybe say a prayer - all CVN shareholders are at the mercy of a 23% bet on APUS drill bit..
Good luck to all holders.. You are braver than CVN management..
- Forums
- ASX - By Stock
- CVN
- Say Your Prayers / It all comes down to APUS
Say Your Prayers / It all comes down to APUS
-
-
- There are more pages in this discussion • 54 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
0.000(0.00%) |
Mkt cap ! $348.8M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.5¢ | $80.01K | 402.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 1576649 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 319098 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 1576649 | 0.195 |
19 | 1292005 | 0.190 |
16 | 2255955 | 0.185 |
8 | 831672 | 0.180 |
6 | 382022 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 247598 | 6 |
0.205 | 720721 | 11 |
0.210 | 565036 | 13 |
0.215 | 231747 | 6 |
0.220 | 930392 | 18 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
CVN (ASX) Chart |