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2.38%

20.5¢ carnarvon energy limited

Ann: Addendum to the Notice of Meeting for Annual General Meeting, page-53

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magpie4ever

3,409 Posts.

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23/10/20

15:51

Post #: 48341577
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Originally posted by BLUTO: ↑

I'm waiting for guidance from the board, I can make the meeting, so will wait for the discussion. It appears on the face of it that Jendry has the qualifications and experience but is he more qualified than current board members? Honest question as I have no idea.
Nero appears to be an astute investor, if you believe the stated returns and blurb on their web site.
Realistically if you want to have the final say in a takeover play you need more than 10%, but staying below the 20% so as to not trigger one. I'm wondering if Nero may have other entities that they can "vote with" (not colluding of course, 'cause that would be illegal), that maybe have a few percent of CVN's capital. Maybe a time for those in the industry to pull out the share registry, and cross reference with registries from other companies Nero has invested in?
Maybe Nero sees an undervalued asset, good management with huge upside and wants a seat at the table to try and maximise their investment going forward?
Maybe Nero have affiliations with like minded shareholders, either way, looking forward to the unwinding of this story.

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I don't believe the figures in your post are correct, unless I'm reading it wrong.

CVN Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 20.5¢		Change -0.005(2.38%)		Mkt cap ! $375.6M

Open	High	Low	Value	Volume
21.0¢	21.0¢	20.5¢	$33.51K	160.3K

Buyers (Bids)

No.	Vol.	Price($)
21	1049034	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	1042273	11

View Market Depth

No.	Vol.	Price($)
20	952134	0.205
25	1726980	0.200
19	895481	0.195
21	686026	0.190
20	1249191	0.185

Price($)	Vol.	No.
0.210	1042297	12
0.215	534815	12
0.220	1142232	17
0.225	922351	14
0.230	1300712	25

Last trade - 10.32am 31/05/2024 (20 minute delay)


Last 20.5¢			Change -0.005 ( 1.77 %)
Open	High		Low	Volume
21.0¢	21.0¢		20.5¢	115000
Last updated 10.49am 31/05/2024 ?

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