Good morning 111.
Yes, because of an environment of 'extreme fear', the market is so scared, its valuing CVN's entire asset list at $0.00.
But it doesn't stop there.
In a show of shear madness and blind stupidity, the market is also valuing each $100 note we have in the bank at just....wait for it...$86. And yes, you read that correctly.
What about debt? Nup...haven't got any.
Dodgey management? No. Just with Ted and Adrian alone, we have some of the most respected men in the industry.
So what happens now?
Well, the market is such that everyone always assumes that someone else knows more, but common sense will eventually prevail and I believe we are slowly starting to see that now.
It's a bit like "the long and the short queue" analogy. You know when you see two lines for something. One's long and the other is short. You look at the short queue and think there must be something wrong with it so you instinctively join the long one. Each person does the same until one walks in and realises there's nothing wrong at all and joins the short queue. Everyone else who blindly followed the crowd kick themselves, realising they too should have done that in the first place.
Do your own research but for what its worth, I'm standing over here in the short queue.
- Forums
- ASX - By Stock
- $90 mill cash. $72 mill market cap.
Good morning 111. Yes, because of an environment of 'extreme...
-
- There are more pages in this discussion • 11 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
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.3M |
Open | High | Low | Value | Volume |
15.5¢ | 15.8¢ | 15.5¢ | $336.4K | 2.169M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 149999 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 1051653 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 149999 | 0.155 |
8 | 382179 | 0.150 |
17 | 923959 | 0.145 |
9 | 595728 | 0.140 |
2 | 437000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 1051653 | 16 |
0.165 | 339761 | 9 |
0.170 | 808942 | 13 |
0.175 | 853324 | 10 |
0.180 | 978201 | 11 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |