CVN 5.88% 16.0¢ carnarvon energy limited

71 million cash in the bank, page-33

  1. 13,981 Posts.
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    SB,

    Not just profitable, EXCEPTIONALLY PROFITABLE. Our gross cash profit margin about 90%.

    When you look at our return on CAPEX, also EXCEPTIONAL. All capex to date repaid several times over!

    The only negative is that we are heavily into sharing our exceptional returns with the Thai government, but then they probably mostly use it wisely. And because they already get such a good share I thimk they are unlikely to try to take our share, or otherwise discourage this golden goose - Thais are pragmatists.

    EL
 
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