CVN 2.63% 19.5¢ carnarvon energy limited

Yes rebal, its a hard one to gauge what is happening I think the...

  1. 1,054 Posts.
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    Yes rebal, its a hard one to gauge what is happening I think the interest rates are playing a part in it all, those getting good returns for it being in the bank and the lack of interest with STO to move things along. I fully understand they have a lot happening but as this project was supposed to be producing by 2026 according to them, I also think they would be looking at by delaying it interest rates will go down and WA gas will be worth twice as much within the next 4 Years making the project more profitable by then, I also don't really mind a bit of waiting if we can turn that rise and future discoveries into a bigger return.
    I guess I have too much skin in this and get a bit frustrated knowing we pay for very little work being done while we wait, we should pay everyone like part timers.
    At least being in a project like this it carries no real risk than a lot of other small caps do with $$$$$$ in the bank and a great project
 
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