CVN 2.94% 16.5¢ carnarvon energy limited

Ann: Partial Bedout Divestment, page-64

  1. 1,827 Posts.
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    Today CVN is trading at an Enterprise Value of Zero - ie market cap approx $280 million and cash held/receivable $280 million. Hard to fathom. Buyers get the residual assets held by CVN - 10% of the Bedout assets inc 20% of the permit holding Pavo effectively for free.

    GLTA & DYOR
 
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