CVN 2.38% 21.5¢ carnarvon energy limited

it could have been worse

  1. 356 Posts.
    If it wasn't for the fact that we ...

    Made a new oil discovery
    are producing close to 4000 bopd
    sales of about 3 Million each week
    have (probably) close to 40 million cash in the bank
    highly likely that jv production in a few months close to 15000bopd
    increased oil reserves

    ... we may have actually finished in the red today instead of gaining ZERO to the share price.

    Fortunately I am in the position that I don't have to sell so appart from giving a mental equivalent of a shrug its just a matter of sit and wait till the short sellers and bot manipulators have done their dirty business and a bit of sanity returns to the market.

    Only regret is that there is no more spare cash to take advantage of the many and various bargains out there.

 
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Last trade - 13.37pm 27/05/2024 (20 minute delay) ?
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