CVN 10.8% 16.5¢ carnarvon energy limited

Ann: Bedout Divestment Update, page-24

  1. 2,885 Posts.
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    $307m AUD equivalent in cash and development funding! Let's say the other 10% of Dorado that CVN has is worth what they sold the last 10% for (146m USD @ 0.665 = 219.5m AUD), it's pretty easy to slap a sum of parts valuation on CVN of 526m. That's a 29 cent valuation on Cash, development funding and Dorado. Plus they have 20% of Pavo.

    At 14 cents it's less than half price, my kind of punt.
 
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17.0¢ 2048593 4
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