CVN 0.00% 19.5¢ carnarvon energy limited

Well I can't blame the directors for deciding to take up their...

  1. 744 Posts.
    Well I can't blame the directors for deciding to take up their oppies, and clearly they had to get the cash from somewhere.

    Hartleys easily found some "sophisticated investors" to take up the shares at 33c, so the directors sold a few more than necessary.

    The thing that annoys me is that the "sophisticated investors" immediately dumped their shares, driving the price down to 33c. That certainly killed any momentum, prior to that the SP was looking strong at 35-35.5c.

    More muppets. Perhaps they work at comsec...

    (by the way, I'd say it's doubtful we're getting any news for at least a week... But at least we know they aren't about to hit us with a bad announcement!)
 
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