CVN 2.94% 16.5¢ carnarvon energy limited

Ann: Annual General Meeting Presentation 2019, page-246

  1. 186 Posts.
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    Mate, Wake up. I'm not down ramping. I'm a holder.

    This company is at a critical juncture. If they dally around "looking at data" for 12-24 months they will play right into VINVAs hands
    They need to activate and do one (or a combination) of the following

    1) Arrange a large revolving credit line with a local bank (ANZ or Macquarie) that unequivocally guarantees no cap raises for at least 3 years & will cover CVN's share of Dorado development.

    2) Sell a 50% stake/interest in Buffalo or bite the bullet and sell 100%.
    Use the funds for Dorado development and avoid a cap raise.

    3) Sell down a stake in Dorado and avoid a cap raise.

    Whats your solution.. "Be patient"??

    If you keep back slapping Adrian you a lemming. VINVA loves people like you...
 
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